Verb Technology sells $5M Series D Preferred Stock to Streeterville Capital

TON Strategy Co

Issued 5,000 shares of Series D Non-Convertible, Non-Voting Preferred Stock at $1,000 per share for total $5,000,000.
Series D Preferred has $1,200 face value, accrues 9% annual return payable quarterly in cash or additional shares at Company's election.
Proceeds from the private placement will be used for general corporate purposes.
Company filed Certificate of Designation on April 23, 2025, authorizing up to 7,500 shares of Series D Preferred.
Sale was exempt from registration under Section 4(a)(2) of the Securities Act.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

TON Strategy Co: Filed Certificate of Designation for Series D Non-Convertible Preferred Stock, designating 7500 shares with stated value, preferred return, and redemption terms (effective 2025-04-23).

Change: charter amendment
Effective: 2025-04-23

Exact text from the filing

On April 23, 2025, the Company filed a certificate of designation of preferences and rights (the “Certificate of Designation”) of Series D Non-Convertible Preferred Stock (the “Series D Preferred Stock”), with the Secretary of State of Nevada, designating 7500 shares of non-convertible preferred stock, par value $0.0001 of the Company, as Series D Preferred Stock.

View on SEC.gov

190 governance changes filed in the last 30 days. Browse all governance changes →

TON Strategy Co filing history →

Source: SEC EDGAR

accession 0001641172-25-006232

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.