---
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"
generated_at: "2026-06-07T03:56:38.753344+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Verb Technology raises $3M via Series C Preferred Stock to Streeterville Capital

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-001100
- JSON: https://secwatch.observer/filing/0001493152-24-001100.json
- Plain text: https://secwatch.observer/filing/0001493152-24-001100.txt

## Key facts
- Governance Changes
  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).
  - Change: charter amendment
  - Effective: 2023-12-28
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1566610/000149315224001100/0001493152-24-001100-index.htm
- Material Agreements
  TON Strategy Co entered into Securities Purchase Agreement with Streeterville Capital, LLC valued at $3,000,000 (effective 2023-12-29).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Streeterville Capital, LLC
  - Value: $3,000,000
  - Effective: 2023-12-29
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1566610/000149315224001100/0001493152-24-001100-index.htm

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