2d ago
TON Strategy Receives Nasdaq Reprimand Over $272M Toncoin Acquisition
Nasdaq issued a formal reprimand to TON Strategy Company on October 28 for violating shareholder approval requirements during its $272 million Toncoin purchase and $558 million private placement financing. The company retains its Nasdaq listing after regulators determined the breaches were unintentional. No further action is required, and shares continue trading under ticker TONX.