secwatch.observer — SEC 8-K summary
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Issuer:     TON Strategy Co (TONX)
CIK:        0001566610
Form:       8-K
Filed at:   2022-10-28T23:59:59+00:00
Accession:  0001493152-22-029788
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verb Technology raises $4.0M in registered direct offering of 12.5M shares and warrants at $0.32/unit
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- Offering of 12.5M shares of common stock and warrants to purchase 12.5M shares at $0.34 exercise price.
- Combined purchase price of $0.32 per share and warrant; gross proceeds ~$4.0M before fees.
- Net proceeds expected for working capital and general corporate purposes.
- Amended April 2022 warrants to reduce exercise price to $0.34 and extend exercisability to 6 months from amendment date.
- Placement agent A.G.P./Alliance Global Partners receives 6.0% cash fee; offering expected to close October 28, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1566610/000149315222029788/0001493152-22-029788-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1566610/000149315222029788/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-029788

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