secwatch.observer — SEC 8-K summary
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Issuer:     TON Strategy Co (TONX)
CIK:        0001566610
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001493152-23-039933
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Verb Technology receives Nasdaq delisting notice for bid price below $1.00
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- Notice received Nov 2, 2023; common stock bid price below $1.00 for 30 consecutive trading days.
- Company has 180 days until April 30, 2024 to regain compliance under Nasdaq Rule 5810(c)(3)(A).
- Compliance achieved if bid price closes at $1.00+ for 10 consecutive business days.
- If not cured by April 30, 2024, may get additional 180 days if meeting other listing standards.
- Company monitoring bid price and evaluating options to cure the deficiency.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1566610/000149315223039933/0001493152-23-039933-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1566610/000149315223039933/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-039933

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