Nasdaq-listed Barb Technologies, soon to be rebranded as Ton Strategy Company, raised $558M through a PIPE deal to build the world’s first TON coin treasury strategy, doubling its stock price amid strong institutional interest.
Barb Technologies, soon to be renamed Ton Strategy Company, announced a $558M PIPE deal involving the issuance of approximately 58.7M shares. The offering doubled its stock price despite a sub-$30M market cap, with plans to acquire about 5% of the TON circulating supply by holding 77% of the raised funds in cash reserves.