TON Strategy receives Nasdaq reprimand for excess equity awards; listing continues

TON Strategy Co

Violated Nasdaq Rule 5635(c) by issuing equity awards in excess of shareholder-approved 2019 Plan.
Self-reported violation; Staff determined failure not deliberate, issued reprimand instead of delisting.
Company obtained shareholder ratification for prior grants and rescinded recent officer/director awards.
Shares continue trading on Nasdaq under ticker TONX; matter closed after this 8-K filing.

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