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According to Wu, Verb Technology, a publicly listed company in the US stock market, announced plans to conduct a PIPE private sale of approximately $558 million and plans to rename itself as TON Strategy Co., becoming the first publicly traded company with TON as its core reserve asset. The financing round is priced at $9.51 per share, led by Kingsway Capital, with over 110 institutions and crypto investors participating. The funds will primarily be used for the acquisition of Toncoin (TON) and to obtain returns through staking.