{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-037520","form_type":"8-K","ticker":"TONX","cik":"0001566610","company_name":"TON Strategy Co","filed_at":"2023-10-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.557712+00:00","generated_at":"2026-06-09T22:37:59.977522+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Verb Technology issues $1.005M promissory note to Streeterville Capital at 9% interest","bullets":["Principal $1,005,000; interest 9% compounded daily; maturity 18 months from October 11, 2023.","Subsidiary verbMarketplace, LLC guarantees the note; $5,000 of principal covers Investor's legal fees.","Prepayment before maturity requires 110% of prepaid amount; no prepayment penalty on monthly redemptions.","Investor may redeem up to $120,000 per month starting six months after issuance, with cash payment within 3 trading days.","Company must use 20% of gross proceeds from future equity/debt financings or asset sales to prepay the note."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-037520","json":"https://secwatch.observer/filing/0001493152-23-037520.json","markdown":"https://secwatch.observer/filing/0001493152-23-037520.md","text":"https://secwatch.observer/filing/0001493152-23-037520.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1566610/000149315223037520/0001493152-23-037520-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1566610/000149315223037520/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T22:37:59.977522+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":"37502cf041c3875bff42cb62bb9ecbc1b070834d","claim":"TON Strategy Co entered into Purchase Agreement with Streeterville Capital, LLC valued at $1,005,000 (effective 2023-10-11).","evidence_excerpt":"On October 11, 2023, Verb Technology Company, Inc. (the “Company”) entered into a note purchase agreement (the “Purchase Agreement”) with Streeterville Capital, LLC (the “Investor”), pursuant to which the Investor purchased a promissory note (the “Note”) in the aggregate principal amount of $1,005,000","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1566610/000149315223037520/0001493152-23-037520-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Streeterville Capital, LLC"},{"label":"Value","value":"$1,005,000"},{"label":"Effective","value":"2023-10-11"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}