{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-22-032948","form_type":"8-K","ticker":"TONX","cik":"0001566610","company_name":"TON Strategy Co","filed_at":"2022-11-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.196413+00:00","generated_at":"2026-06-21T15:50:35.212334+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Verb Tech Q3 revenue falls to $2.2M, loss narrows; $9M in new financings","bullets":["SaaS recurring subscription revenue $1.9M, up modestly YoY; total digital revenue $2M vs $2.4M.","Net loss $8.0M narrowed from $8.8M; Modified EBITDA improved 25% to ($5.2M).","Post-quarter: $4M direct offering (Oct 25) and $5M 9% non-convertible note (Nov 7).","Cost cuts: monthly opex reduced; execs/Board take 25% cash compensation cut.","Nasdaq grants 6-month extension to regain $1 bid; Alantra hired for strategic review."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-22-032948","json":"https://secwatch.observer/filing/0001493152-22-032948.json","markdown":"https://secwatch.observer/filing/0001493152-22-032948.md","text":"https://secwatch.observer/filing/0001493152-22-032948.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1566610/000149315222032948/0001493152-22-032948-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1566610/000149315222032948/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T15:50:35.212334+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3089f7d639272681668b2fd48c47f7b510d83829","claim":"TON Strategy Co reported the three months ended September 30, 2022 results: revenue $2.2 million.","evidence_excerpt":"Total revenue was $2.2 million, versus $2.9 million for the same period last year","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1566610/000149315222032948/0001493152-22-032948-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended September 30, 2022"},{"label":"Revenue","value":"$2.2 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"72b54f632bad90af3e74b8baded6215be2669124","claim":"TON Strategy Co reported the nine months ended September 30, 2022 results: revenue $7.3 million.","evidence_excerpt":"Total revenue was $7.3 million, a decrease of 7% over the same period last year","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1566610/000149315222032948/0001493152-22-032948-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the nine months ended September 30, 2022"},{"label":"Revenue","value":"$7.3 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}