{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-011727","form_type":"8-K","ticker":"TONX","cik":"0001566610","company_name":"TON Strategy Co","filed_at":"2025-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.377487+00:00","generated_at":"2026-05-17T16:33:42.672461+00:00","sec_items":["1.01","5.02","3.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Verb Tech raises $558M in PIPE, appoints new CEO & CFO, plans TON treasury strategy","bullets":["Closed $558M PIPE at $9.51/share; 57.4M shares and 1.28M pre-funded warrants issued.","Net proceeds to buy Toncoin; intends to rebrand as TON Strategy Co. (TSC).","New CEO Veronika Kapustina (base $850k) and CFO/COO Sarah Olsen (base $850k) appointed.","Board resignations: Cragun, Geiskopf, Moy replaced by Cary, Sohn, Stotz (Exec Chairman), Highfield.","Advisory agreement with Kingsway Capital: $3M setup fee, 2% annual advisory fee, 20-year term."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-011727","json":"https://secwatch.observer/filing/0001493152-25-011727.json","markdown":"https://secwatch.observer/filing/0001493152-25-011727.md","text":"https://secwatch.observer/filing/0001493152-25-011727.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1566610/000149315225011727/0001493152-25-011727-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1566610/000149315225011727/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T16:33:42.672461+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}