# TON Strategy Co (TONX) — litigation/settled [announced]
Source: SEC API (secapi.ai) · situation sit_4896b0deda9950b30541 · retrieved 2026-08-14T01:38:18.330Z

## Overview
TON Strategy Company (formerly Verb Technology Company, Inc.) is a Nevada-incorporated finance services company that has integrated cryptocurrency and digital asset strategies, including Toncoin treasury management, as part of its business operations.

On August 10, 2026, TON Strategy Company terminated its Advisory Services Agreement with Kingsway Capital Partners Limited, effective August 7, 2025. Under the agreement, the Company had agreed to pay an annual advisory fee equal to 2.0% of the Company's market capitalization, calculated on a fully diluted basis and payable in 12 monthly installments in arrears. The Company ceased making monthly payments in March 2026, with the last payment made on March 18, 2026. The Board of Directors had previously authorized negotiation of a settlement, but unable to reach agreement, the Company terminated the contract without settlement. Both parties have reserved all rights, and the Company cannot currently estimate the financial impact of the termination.

## Terms
- Counterparty: Kingsway Capital Partners Limited

## Key dates
- Announced 2026-08-10

## Timeline
- 2026-08-10 · 8-K (0001493152-26-036859): 8-K - TON Strategy Co — *TON Strategy Company (formerly Verb Technology Company, Inc.) is a Nevada-incorporated finance services company that has integrated cryptocurrency and digital asset strategies, including Toncoin treasury management, as part of its business operations.* On August 10, 2026, TON Strategy Company terminated its Advisory Services Agreement with Kingsway Capital Partners Limited, effective August 7, 2025. Under the agreement, the Company had agreed to pay an annual advisory fee equal to 2.0% of the Company's market capitalization, calculated on a fully diluted basis and payable in 12 monthly installments in arrears. The Company ceased making monthly payments in March 2026, with the last payment made on March 18, 2026. The Board of Directors had previously authorized negotiation of a settlement, but unable to reach agreement, the Company terminated the contract without settlement. Both parties have reserved all rights, and the Company cannot currently estimate the financial impact of the termination.
  https://www.sec.gov/Archives/edgar/data/1566610/0001493152-26-036859.txt

## Citations
- 0001493152-26-036859 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226036859