---
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"
generated_at: "2026-06-09T22:37:59.977522+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Verb Technology issues $1.005M promissory note to Streeterville Capital at 9% interest

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-037520
- JSON: https://secwatch.observer/filing/0001493152-23-037520.json
- Plain text: https://secwatch.observer/filing/0001493152-23-037520.txt

## Key facts
- Material Agreements
  TON Strategy Co entered into Purchase Agreement with Streeterville Capital, LLC valued at $1,005,000 (effective 2023-10-11).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Streeterville Capital, LLC
  - Value: $1,005,000
  - Effective: 2023-10-11
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1566610/000149315223037520/0001493152-23-037520-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.