{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-036987","form_type":"8-K","ticker":"TONX","cik":"0001566610","company_name":"TON Strategy Co","filed_at":"2026-08-11T12:15:29+00:00","discovered_at":"2026-08-11T12:20:10.341890+00:00","generated_at":"2026-08-11T12:20:18.242607+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"TON Strategy Q2: staking rev $15M, op income $0.5M, 230.5M Gram held","bullets":["Q2 revenue $15.0M vs $3.0M in Q1; gross profit $14.3M (95% margin).","Operating income $0.5M vs $3.7M loss in Q1; pre-tax net income $83.5M on $82.8M Gram fair-value gain.","Held 230.5M Gram (229.9M staked) at June 30; fair value $369.5M vs $272.0M at Mar 31; annualized staking yield ~17%.","Legacy operations discontinued; expected to cut ~$4.0M annual cash costs; Kingsway advisory agreement terminated Aug 10.","Noncash charges: $5.5M accelerated stock comp and ~$2.9M Kingsway write-off; cash $29.0M, no debt."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-036987","json":"https://secwatch.observer/filing/0001493152-26-036987.json","markdown":"https://secwatch.observer/filing/0001493152-26-036987.md","text":"https://secwatch.observer/filing/0001493152-26-036987.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1566610/000149315226036987/0001493152-26-036987-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1566610/000149315226036987/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-11T12:20:18.242607+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"}