{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-030107","form_type":"8-K","ticker":"TONX","cik":"0001566610","company_name":"TON Strategy Co","filed_at":"2023-08-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.362083+00:00","generated_at":"2026-06-11T04:10:59.789243+00:00","sec_items":["3.01","5.07"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Verb Technology receives Nasdaq equity deficiency notice; equity negative $1.8M","bullets":["Stockholders' equity as of June 30, 2023 was negative $1.818M, below Nasdaq's $2.5M minimum requirement.","Company must submit a compliance plan by October 2, 2023; Nasdaq may grant up to 180-day extension.","Annual meeting on Aug 18: directors Cutaia, Geiskopf, Cragun, Moy elected, and Grassi & CO. ratified as auditor.","Over 43% of shares represented; 1.86M shares voted out of ~4.3M outstanding."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-030107","json":"https://secwatch.observer/filing/0001493152-23-030107.json","markdown":"https://secwatch.observer/filing/0001493152-23-030107.md","text":"https://secwatch.observer/filing/0001493152-23-030107.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1566610/000149315223030107/0001493152-23-030107-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1566610/000149315223030107/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T04:10:59.789243+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":"49c7c1115cc6e02698fce60156dc6f9aca80ec35","claim":"TON Strategy Co received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1566610/000149315223030107/0001493152-23-030107-index.htm","confidence":0.98,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"deficiency notice"},{"label":"Deficiency","value":"stockholders equity"},{"label":"Rules","value":"5550(b)(1)"}],"fact_type":"exchange_compliance_notice"},{"claim_id":"b275e7f0796952def3360e82aca87f13764cd185","claim":"TON Strategy Co shareholders approved Election of Directors at the 2023-08-18 meeting.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1566610/000149315223030107/0001493152-23-030107-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-08-18"}],"fact_type":"shareholder_vote"},{"claim_id":"da58cb5f30387085e83de3f87c4c8124b063c23a","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1566610/000149315223030107/0001493152-23-030107-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-08-18"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}