TONX
Live News • Jul 02
TON Strategy Sets $250 Million Repurchase Plan Under Rule 10b5-1 TON Strategy has entered into a Rule 10b5-1 trading plan to repurchase its common stock over a two-month period starting 1 July 2026, under an existing $250 million share repurchase authorization.
Management says the plan is aimed at addressing what it sees as a significant discount of TON Strategy’s share price to intrinsic value, while maintaining its Gram treasury approach within the TON ecosystem.
The stock last traded at $2.91, with a 1-day gain of 14.1% after a period where it fell 31.2% over the past month.
This planned buyback signals that TON Strategy is willing to commit a defined pool of capital at current prices, which can support earnings per share, but it also concentrates capital allocation risk if the perceived valuation discount does not close. Announcement • Jun 25
TON Strategy Company Receives Letter of Reprimand From Nasdaq Regarding Shareholder Approval Requirements On June 18, 2026, TON Strategy Company (the Company) received a Letter of Reprimand (the Reprimand Letter) from the staff at the Listing Qualifications Department (the Staff) of The Nasdaq Stock Market LLC (Nasdaq) in connection with the Staff's Initial Letter (as defined below) regarding the Company's violation of Nasdaq's shareholder approval requirements set forth in Nasdaq Listing Rule 5635(c) (the Rule). The Reprimand Letter stated that while the Staff determined that there were failures to comply with the Rule, those failures did not appear to have been the result of a deliberate intent to avoid compliance, and as such, the Staff believes that a Reprimand Letter, as opposed to delisting the Company's securities, is appropriate. The Company's shares will continue to be listed on Nasdaq and the issuance of the Reprimand Letter closes these matters. As previously disclosed in the Company's Form 10-K filed on March 31, 2026, the Company, on March 27, 2026, provided notice to the Staff regarding the Company's possible violation of Nasdaq Listing Rule 5635(c). This notice related to the Company's determination that a number of equity awards granted pursuant to the 2019 Stock and Incentive Compensation Plan, as amended (the 2019 Plan) were inadvertently issued in excess of the amount available under the 2019 Plan (the Excess Awards), and such issuance of Excess Awards may have required additional shareholder approval. On March 30, 2026, the Company received a letter (the Initial Letter) from the Staff acknowledging the Company's notice. The Reprimand Letter stated that the Company failed to comply with the Rule when it issued the Excess Awards since the Excess Awards were issued in excess of the shareholder approved 2019 Plan and therefore the Company was required to obtain shareholder approval under the Rule, which requires prior shareholder approval before such issuance. As stated above, the Staff noted in the Reprimand Letter that while the Staff determined that there were failures to comply with the Rule, those failures did not appear to have been the result of a deliberate intent to avoid compliance, and that, as such, the Staff believes that delisting the Company's securities is not an appropriate sanction. The Reprimand Letter states that the Staff further considered, among other things, the fact that the Company had self-reported the violation of Nasdaq's prior shareholder approval requirement, and, since rectifying was not possible, it obtained subsequent ratification by the Company's shareholders of sufficient shares to cover prior grants and rescinded recent grants to officers and directors. The Reprimand Letter stated that the Staff believes the Company inadvertently violated the Rules. The Reprimand Letter also noted that the Company has committed to work with Nasdaq in the future to ensure compliance with Nasdaq Listing Rules. Accordingly, the Staff believes it is appropriate to close these matters by issuing the Reprimand Letter in accordance with Listing Rule 5810(c)(4). Following disclosure via this Current Report on Form 8-K, there is no further action required from the Company with regard to this matter. The Company accepts the Staff's determination and considers the matter closed. Announcement • May 21
Ton Strategy Company Launches Acton Developer Toolchain for the Ton Ecosystem TON Strategy Company spotlighted the recent introduction of Acton, a new integrated developer toolchain for The Open Network. Acton is designed to simplify how developers build, test, debug, deploy and audit TON-based smart contract applications and is intended to support the next generation of AI-native and agentic applications on the TON blockchain. Acton is a unified development environment built around Tolk, TON’s smart contract language, and includes tooling focused on testing, debugging, transaction inspection, contract verification and deployment workflows. The launch reflects TON’s broader effort to simplify and institutionalize the developer experience as the network continues to expand across wallets, payments, bots, mini apps and other consumer-scale applications integrated with the Telegram ecosystem. TON’s differentiated asynchronous, message-based architecture is designed to support scalable, high-throughput applications at consumer scale, but it also requires more advanced developer infrastructure than many traditional blockchains. Acton is intended to help streamline that complexity by providing a more integrated framework for application development, testing and validation purpose-built for TON. Combined with Telegram’s global distribution, wallet infrastructure, bots and mini app ecosystem, developer platforms like Acton represent another important step in expanding TON’s long-term utility, strengthening developer adoption and supporting broader ecosystem growth. TON Strategy believes Acton is a relevant example of the type of ecosystem development needed to make the TON network easier to build on, more accessible to developers and better positioned for broader application adoption over time. 
