{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-036859","form_type":"8-K","ticker":"TONX","cik":"0001566610","company_name":"TON Strategy Co","filed_at":"2026-08-10T20:05:27+00:00","discovered_at":"2026-08-10T20:07:01.470364+00:00","generated_at":"2026-08-10T20:07:53.754346+00:00","sec_items":["1.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"TON Strategy terminates Kingsway advisory agreement; no settlement reached","bullets":["Terminated Advisory Services Agreement with Kingsway on Aug 10, 2026; no settlement, both reserved rights.","Agreement (Aug 7, 2025) had 20-yr term, $3M set-up fee, 2% annual market-cap fee; last payment Mar 18, 2026.","Company stopped monthly payments in March 2026; cannot estimate financial impact of termination.","Kingsway controlled by Executive Chairman Manuel Stotz; significant stockholder per proxy.","Company expects no effect on TON treasury strategy or day-to-day operations."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-036859","json":"https://secwatch.observer/filing/0001493152-26-036859.json","markdown":"https://secwatch.observer/filing/0001493152-26-036859.md","text":"https://secwatch.observer/filing/0001493152-26-036859.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1566610/000149315226036859/0001493152-26-036859-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1566610/000149315226036859/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-10T20:07:53.754346+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"}