secwatch / observer
8-K filed August 24, 2023, 7:59 PM ET ticker TONX CIK 0001566610
regulatory confidence high sentiment negative materiality 0.85

TON Strategy Co (TONX): Nasdaq/NYSE listing notice — Verb Technology receives Nasdaq equity deficiency notice; equity negative $1.8M

TON Strategy Co

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.98

TON Strategy Co received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange
nasdaq
Notice
deficiency notice
Deficiency
stockholders equity
Rules
5550(b)(1)
Exact text from the filing
equity be at least $2,500,000 (the “Stockholders’ Equity Requirement”). As reported in its Form 10-Q, the Company’s stockholders’ equity as of June 30, 2023 was ($1,818,000). The Staff’s notice has no immediate impact on the listing of the Company’s common stock on Nasdaq. In accordance with the Nasdaq Listing Rules, the Company has 45 calendar
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

TON Strategy Co shareholders approved Election of Directors at the 2023-08-18 meeting.

Proposal
director election
Outcome
passed
Meeting
2023-08-18
Exact text from the filing
Election of Directors: Name Total Votes for Director Total Votes Withheld from Director Total Broker Non-Votes Rory J. Cutaia 454,461 119,517 1,288,978 James P. Geiskopf 475,306 98,672 1,288,978 Kenneth S. Cragun 485,225 88,753 1,288,978 Edmund C. Moy 482,629 91,349 1,288,978
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

TON Strategy Co shareholders approved Ratification of appointment of Grassi & CO., CPAs, P.C. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-08-18 meeting.

Proposal
auditor ratification
Outcome
passed
Meeting
2023-08-18
Exact text from the filing
Ratification of appointment of Grassi & CO., CPAs, P.C. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023: To ratify the selection of Grassi & CO., CPAs, P.C. as the Company’s independent registered public accounting firm. Total Votes For 1,763,578 Against 80,210 Abstain 19,168
View on SEC.gov

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TON Strategy Co filing history →

Source: SEC EDGAR
accession 0001493152-23-030107
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