secwatch.observer — SEC 8-K summary
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Issuer:     TON Strategy Co (TONX)
CIK:        0001566610
Form:       8-K
Filed at:   2025-04-25T23:59:59+00:00
Accession:  0001641172-25-006232
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1566610/000164117225006232/0001641172-25-006232-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1566610/000164117225006232/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-006232

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