---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-026325"
form_type: "8-K"
ticker: "TONX"
cik: "0001566610"
company_name: "TON Strategy Co"
filed_at: "2025-09-03T23:59:59+00:00"
generated_at: "2026-05-17T08:30:53.685473+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TON Strategy Company approves $250M stock repurchase program; ticker now TONX

## Summary
- Board unanimously approved open-ended program to repurchase up to $250M of common stock.
- Program aims to grow NAV per share; company may buy back stock at discount to NAV or issue stock at premium.
- TON Strategy Company (formerly Verb Technology) began trading as TONX on Nasdaq on September 2, 2025.
- Repurchases may be made via open market or private transactions; no obligation to buy any minimum number of shares.

## SEC filing metadata
- accession: 0001641172-25-026325
- form_type: 8-K
- ticker: TONX
- cik: 0001566610
- company_name: TON Strategy Co
- filed_at: 2025-09-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1566610/000164117225026325/0001641172-25-026325-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1566610/000164117225026325/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-026325
- JSON: https://secwatch.observer/filing/0001641172-25-026325.json
- Plain text: https://secwatch.observer/filing/0001641172-25-026325.txt

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