secwatch.observer — SEC 8-K summary
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Issuer:     TON Strategy Co (TONX)
CIK:        0001566610
Form:       8-K
Filed at:   2023-04-14T23:59:59+00:00
Accession:  0001493152-23-012306
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Verb Tech shareholders approve reverse stock split (1:5 to 1:40) and double authorized shares to 400M
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- Authorized common stock increased from 200M to 400M shares; 75.85% voted for.
- Board authorized to implement reverse stock split within 1-for-5 to 1-for-40 range within one year; 84.16% voted for.
- 2019 Incentive Compensation Plan amended to add 15M authorized shares; 74.25% voted for.
- Approval to issue common stock to satisfy promissory note from November 2022; 80% voted for.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1566610/000149315223012306/0001493152-23-012306-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1566610/000149315223012306/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-012306

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer