{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-001100","form_type":"8-K","ticker":"TONX","cik":"0001566610","company_name":"TON Strategy Co","filed_at":"2024-01-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.642350+00:00","generated_at":"2026-06-07T03:56:38.753344+00:00","sec_items":["1.01","3.02","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Verb Technology raises $3M via Series C Preferred Stock to Streeterville Capital","bullets":["Sold 3,000 shares of non-convertible Series C Preferred at $1,000/share for total $3M.","Shares have $1,300 stated value, 10% annual dividend, no voting rights.","Quarterly dividends begin after 1 year: 2.5% per quarter in year 2, then 5% thereafter.","Proceeds earmarked for working capital and general corporate purposes.","Company filed certificate of designation for up to 5,000 shares of Series C Preferred."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-001100","json":"https://secwatch.observer/filing/0001493152-24-001100.json","markdown":"https://secwatch.observer/filing/0001493152-24-001100.md","text":"https://secwatch.observer/filing/0001493152-24-001100.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1566610/000149315224001100/0001493152-24-001100-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1566610/000149315224001100/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T03:56:38.753344+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":"aa8c5ed5928965e5f358c5659a6c4edf8a190a83","claim":"TON Strategy Co: The Company filed a Certificate of Designation for Series C Preferred Stock, establishing terms such as stated value, dividends, redemption, and non-dilutive, non-voting features (effective 2023-12-28).","evidence_excerpt":"On December 28, 2023,the Company filed a certificate of designation of preferences and rights (the “Certificate of Designation”) of Series C Preferred Stock (the “Series C Preferred Stock”), with the Secretary of State of Nevada, designating 5,000 shares of preferred stock, par value $0.0001 of the Company, as Series C Preferred Stock.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1566610/000149315224001100/0001493152-24-001100-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-12-28"}],"fact_type":"governance_change"},{"claim_id":"8896a6d358cd0547ba8b152e08f426d7d029b708","claim":"TON Strategy Co entered into Securities Purchase Agreement with Streeterville Capital, LLC valued at $3,000,000 (effective 2023-12-29).","evidence_excerpt":"On December 29, 2023, Verb Technology Company, Inc. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with Streeterville Capital, LLC (the “Investor”), pursuant to which the Company sold and Investor purchased 3,000 shares of the Company’s newly designated non-convertible Series C Preferred Stock (the “Shares”) for a total purchase price of $3,000,000 (the “Purchase Price”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1566610/000149315224001100/0001493152-24-001100-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Streeterville Capital, LLC"},{"label":"Value","value":"$3,000,000"},{"label":"Effective","value":"2023-12-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}