---
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"
generated_at: "2026-05-17T16:33:42.672461+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Verb Tech raises $558M in PIPE, appoints new CEO & CFO, plans TON treasury strategy

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 5.02, 3.02, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-011727
- JSON: https://secwatch.observer/filing/0001493152-25-011727.json
- Plain text: https://secwatch.observer/filing/0001493152-25-011727.txt

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