---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-031285"
form_type: "8-K"
ticker: "TONX"
cik: "0001566610"
company_name: "TON Strategy Co"
filed_at: "2024-08-12T23:59:59+00:00"
generated_at: "2026-05-31T10:02:35.058902+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Verb Tech receives Nasdaq delisting notice for low-priced stock; seeks reverse split approval

## Summary
- Nasdaq notified on Aug 6, 2024 that VERB stock closed below $0.10 for 10 consecutive days, triggering Low Priced Stock Rule.
- Company requested a hearing on Aug 12, 2024, automatically staying delisting pending hearing and any extension.
- At Sept 26 annual meeting, seeks stockholder approval for reverse stock split (1:5 to 1:200) to regain bid price compliance.
- Common stock continues trading under VERB on Nasdaq pending hearing; no assurance of continued listing.

## SEC filing metadata
- accession: 0001493152-24-031285
- form_type: 8-K
- ticker: TONX
- cik: 0001566610
- company_name: TON Strategy Co
- filed_at: 2024-08-12T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1566610/000149315224031285/0001493152-24-031285-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1566610/000149315224031285/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-031285
- JSON: https://secwatch.observer/filing/0001493152-24-031285.json
- Plain text: https://secwatch.observer/filing/0001493152-24-031285.txt

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