---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-011558"
form_type: "8-K"
ticker: "TONX"
cik: "0001566610"
company_name: "TON Strategy Co"
filed_at: "2025-08-04T23:59:59+00:00"
generated_at: "2026-05-17T21:26:59.594105+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Verb Tech raises $558M in PIPE to acquire Toncoin, rebrand as TON Strategy Co.

## Summary
- PIPE priced at $9.51/share for ~58.7M shares; gross proceeds ~$558M.
- Majority of net proceeds to purchase Toncoin (TON) at $1.83/TON; $272.7M purchase agreement already signed.
- New leadership: Manuel Stotz (Exec Chairman), Veronika Kapustina (CEO), Sarah Olsen (CFO), Peter Smith (Special Advisor).
- Over 110 institutional investors participated; ~36% of shares subject to 6-12 month lock-up.
- Existing business continues; Series D Preferred redeemed in full; closing expected August 7, 2025.

## SEC filing metadata
- accession: 0001493152-25-011558
- form_type: 8-K
- ticker: TONX
- cik: 0001566610
- company_name: TON Strategy Co
- filed_at: 2025-08-04T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1566610/000149315225011558/0001493152-25-011558-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1566610/000149315225011558/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-011558
- JSON: https://secwatch.observer/filing/0001493152-25-011558.json
- Plain text: https://secwatch.observer/filing/0001493152-25-011558.txt

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