Nasdaq Reprimands TON Strategy Over Toncoin Financing Deal

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Nasdaq issued a letter of reprimand to TON Strategy, formerly Verb Technology Company, over rule violations tied to its $272.7 million Toncoin (TON) purchase and PIPE financing deal.
The exchange found the firm failed to obtain shareholder approval for issuing stock exceeding 20% of total shares — a key Nasdaq compliance requirement.

[EmTeam]

When Nasdaq steps in, you know the optics aren’t great.

[jacson4]

This could slow TON’s global expansion more than they expect.