---
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"
generated_at: "2026-08-10T20:07:53.754346+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# TON Strategy terminates Kingsway advisory agreement; no settlement reached

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-036859
- JSON: https://secwatch.observer/filing/0001493152-26-036859.json
- Plain text: https://secwatch.observer/filing/0001493152-26-036859.txt

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