secwatch.observer — SEC 8-K summary
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Issuer:     TON Strategy Co (TONX)
CIK:        0001566610
Form:       8-K
Filed at:   2024-08-12T23:59:59+00:00
Accession:  0001493152-24-031285
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1566610/000149315224031285/0001493152-24-031285-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1566610/000149315224031285/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-031285

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