---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-017486"
form_type: "8-K"
ticker: "TONX"
cik: "0001566610"
company_name: "TON Strategy Co"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:28:09.180766+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Verb Tech gets 180-day Nasdaq extension to Oct 28, 2024 for bid price compliance

## Summary
- Nasdaq granted extension until October 28, 2024 to regain $1.00 minimum closing bid price for at least 10 consecutive days.
- Shareholder equity rose to ~$14M on March 31, 2024, up $15.8M from June 30, 2023, curing the $2.5M minimum requirement.
- Cash and equivalents of $14.2M; notes payable reduced to $1.2M; no going concern opinion in 2023 10-K.
- Company states operations are fully funded for at least 14 months, citing improved cash position and lower costs.
- CEO highlights restructuring, debt retirement, and asset sales as positioning MARKET.live for success.

## SEC filing metadata
- accession: 0001493152-24-017486
- form_type: 8-K
- ticker: TONX
- cik: 0001566610
- company_name: TON Strategy Co
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1566610/000149315224017486/0001493152-24-017486-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1566610/000149315224017486/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-017486
- JSON: https://secwatch.observer/filing/0001493152-24-017486.json
- Plain text: https://secwatch.observer/filing/0001493152-24-017486.txt

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