secwatch.observer — SEC 8-K summary
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Issuer:     TON Strategy Co (TONX)
CIK:        0001566610
Form:       8-K
Filed at:   2024-01-04T23:59:59+00:00
Accession:  0001493152-24-001100
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1566610/000149315224001100/0001493152-24-001100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1566610/000149315224001100/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-001100

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