{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-012814","form_type":"8-K","ticker":"TONX","cik":"0001566610","company_name":"TON Strategy Co","filed_at":"2023-04-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.433306+00:00","generated_at":"2026-06-17T00:43:29.221230+00:00","sec_items":["3.03","5.03","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Verb Technology completes 1-for-40 reverse stock split to regain Nasdaq compliance","bullets":["Reverse split ratio of 1-for-40 reduced outstanding shares from ~153.6M to ~3.84M.","Authorized common stock increased from 200M to 400M shares via charter amendment.","Split effective April 19, 2023; new CUSIP 92337U203; no fractional shares issued.","Intended to bring share price above Nasdaq's $1.00 minimum bid listing requirement.","CEO cites potential naked short selling as factor; plans to provide update to stockholders."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-012814","json":"https://secwatch.observer/filing/0001493152-23-012814.json","markdown":"https://secwatch.observer/filing/0001493152-23-012814.md","text":"https://secwatch.observer/filing/0001493152-23-012814.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1566610/000149315223012814/0001493152-23-012814-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1566610/000149315223012814/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T00:43:29.221230+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":"976991087037a05ffe409d5b42f76a72f8f888bf","claim":"TON Strategy Co: Effected a 1-for-40 reverse stock split and increased authorized common stock from 200,000,000 to 400,000,000 shares (effective 2023-04-17).","evidence_excerpt":"On April 17, 2023, the Company filed a Certificate of Amendment of Articles of Incorporation (the “Certificate of Amendment”) effecting a reverse stock split with a ratio of 1-for-40 (the “Reverse Split”) and reflecting an increase in the Company’s authorized shares of common stock from 200,000,000 to 400,000,000.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1566610/000149315223012814/0001493152-23-012814-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-04-17"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}