---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-035331"
form_type: "8-K/A"
ticker: "TONX"
cik: "0001566610"
company_name: "TON Strategy Co"
filed_at: "2024-09-06T23:59:59+00:00"
generated_at: "2026-05-31T06:04:25.116417+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Verb Technology gets Nasdaq delisting exception until Oct 21; will seek reverse split approval

## Summary
- Nasdaq granted temporary exception until Oct 21, 2024 for Verb to regain compliance with Bid Price Rule.
- Company's stock closed below $0.10 for 10 consecutive days, triggering low-priced stock delisting rule.
- Annual meeting set for Sep 26, 2024 to vote on reverse stock split in range 1:5 to 1:200.
- Company expects to implement reverse split by Oct 2 if non-compliance persists; failure by Oct 21 leads to delisting.
- Company will also consider other measures before resorting to reverse split.

## SEC filing metadata
- accession: 0001493152-24-035331
- form_type: 8-K/A
- ticker: TONX
- cik: 0001566610
- company_name: TON Strategy Co
- filed_at: 2024-09-06T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1566610/000149315224035331/0001493152-24-035331-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1566610/000149315224035331/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-035331
- JSON: https://secwatch.observer/filing/0001493152-24-035331.json
- Plain text: https://secwatch.observer/filing/0001493152-24-035331.txt

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