TON Strategy Company (TONX)

[Nspireaction]

As CUIN2 tried to point out, the acquisition was paid for on the 9th and announced on the 12th.

The cash payment consisted of an aggregate of $15,000,000 (the “Acquisition Cash Payment”), which was paid using a portion of the net proceeds VERB received as a result of its recent public offering (the “Public Offering”) of units that closed on April 9, 2019, which closing was announced on April 12, 2019.

And then, $4,000,000 of the Acquisition Cash Payment was immediately utilized by the Sound Concepts Shareholders to purchase an aggregate of $4,000,000 of units in the VERB Public Offering at the same price, and upon the same terms and conditions as all other investors who purchased units in the VERB Public Offering. As a result, VERB’s net cash outlay in connection with the Sound Concepts acquisition was approximately $11,000,000.

Any way you look at it Verb still comes out with 4 million more this way, to carry on with integrations. If it was a separate transaction after the 20 mill public offering described they would benefit an extra 4 mil.