{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-006232","form_type":"8-K","ticker":"TONX","cik":"0001566610","company_name":"TON Strategy Co","filed_at":"2025-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.805803+00:00","generated_at":"2026-05-23T05:50:59.623835+00:00","sec_items":["1.01","3.02","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Verb Technology sells $5M Series D Preferred Stock to Streeterville Capital","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-006232","json":"https://secwatch.observer/filing/0001641172-25-006232.json","markdown":"https://secwatch.observer/filing/0001641172-25-006232.md","text":"https://secwatch.observer/filing/0001641172-25-006232.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1566610/000164117225006232/0001641172-25-006232-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1566610/000164117225006232/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T05:50:59.623835+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":[{"claim_id":"23f4bd69c139b66f6a4595b4b531a8ce4a19647a","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1566610/000164117225006232/0001641172-25-006232-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-04-23"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}