---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-005985"
form_type: "8-K"
ticker: "TONX"
cik: "0001566610"
company_name: "TON Strategy Co"
filed_at: "2023-02-24T23:59:59+00:00"
generated_at: "2026-06-19T00:43:04.479332+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Verb Technology issues Series B Preferred share to CEO with 700M votes on reverse split and share increase

## Summary
- CEO Rory J. Cutaia purchased one share of Series B Preferred Stock for $5,000 cash on Feb 17, 2023.
- The share carries 700,000,000 votes, but only on proposals to increase authorized common stock and reverse stock split.
- The share votes in the same proportion as common shares voted on those matters; no other voting rights.
- No dividends, no conversion, no liquidation rights; redeemable at $5,000 at board discretion or automatically upon reverse split effectiveness.
- Issuance exempt from registration under Section 4(a)(2) of the Securities Act.

## SEC filing metadata
- accession: 0001493152-23-005985
- form_type: 8-K
- ticker: TONX
- cik: 0001566610
- company_name: TON Strategy Co
- filed_at: 2023-02-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1566610/000149315223005985/0001493152-23-005985-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1566610/000149315223005985/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-005985
- JSON: https://secwatch.observer/filing/0001493152-23-005985.json
- Plain text: https://secwatch.observer/filing/0001493152-23-005985.txt

## Key facts
- Governance Changes
  TON Strategy Co: Filed certificate of designation for Preferred Stock with special voting rights (effective 2023-02-17).
  - Change: charter amendment
  - Effective: 2023-02-17
  source text: On February 17, 2023, the Company filed a certificate of designation (the “Certificate of Designation”) with the Secretary of State of Nevada, effective as of the time of filing, designating the rights, preferences, privileges and restrictions of the share of Preferred Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1566610/000149315223005985/0001493152-23-005985-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.