---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-004893"
form_type: "8-K"
ticker: "TONX"
cik: "0001566610"
company_name: "TON Strategy Co"
filed_at: "2024-02-05T23:59:59+00:00"
generated_at: "2026-06-06T09:09:29.587147+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Verb Technology regains Nasdaq equity compliance with $3.125M equity

## Summary
- Stockholders' equity of $3.125M as of Dec 31, 2023, exceeds Nasdaq's $2.5M minimum for continued listing.
- Compliance achieved via $3M Series C Preferred Stock issuance (3,000 shares, 10% dividend) and $5.5M debt reduction since June 30, 2023.
- Nasdaq granted extension to Feb 14, 2024; company filed this 8-K to evidence compliance as of Feb 2, 2024.
- Nasdaq will monitor future compliance; failure in subsequent periodic reports could trigger delisting.

## SEC filing metadata
- accession: 0001493152-24-004893
- form_type: 8-K
- ticker: TONX
- cik: 0001566610
- company_name: TON Strategy Co
- filed_at: 2024-02-05T23:59:59+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1566610/000149315224004893/0001493152-24-004893-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1566610/000149315224004893/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-004893
- JSON: https://secwatch.observer/filing/0001493152-24-004893.json
- Plain text: https://secwatch.observer/filing/0001493152-24-004893.txt

## Key facts
- Listing & Compliance Notices
  TON Strategy Co received a nasdaq noncompliance notice notice regarding stockholders equity (rules 5550(b)(1)).
  - Exchange: nasdaq
  - Notice: noncompliance notice
  - Deficiency: stockholders equity
  - Rules: 5550(b)(1)
  source text: August 18, 2023, the Company received a notice from The Nasdaq Stock Market LLC (“NASDAQ”) indicating that it did not meet the minimum of $2,500,000 in stockholders’ equity required by NASDAQ Listing Rule 5550(b)(1) (the “Listing Rule”) for continued listing, or the alternatives of market value of listed securities or net income from continuing operations. Pursuant to the Listing Rule and the instructions from NASDAQ, on October 9, 2023 the Company submitted a plan to regain compliance with the Listing Rule and was given an extension until February 14, 2024 to evidence compliance through a pub
  evidence_url: https://www.sec.gov/Archives/edgar/data/1566610/000149315224004893/0001493152-24-004893-index.htm

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