2025-10-15, Wed.

Top Stories       Business       Culture & Life       Science & Technology       World

Lecture

Notification

 

NEWS > Business


TON Strategy Company Approves $250 Million Stock Repurchase Program After Ticker Change

Open-ended stock repurchase program unanimously approved by the board.
Date: 2025-09-17

LAS VEGAS -- TON Strategy Company (formerly Verb Technology Company Inc.) (Nasdaq: TONX) (the “Company”), a digital asset treasury company committed to holding Toncoin ($TON), announced that its Board of Directors has unanimously approved a stock repurchase program authorizing the Company to repurchase up to $250 million of its common stock.

Under the program, repurchases may be made from time to time in open market transactions or through other means in accordance with applicable securities laws. The timing, number of shares of common stock repurchased, and price will depend on a variety of factors including liquidity, market conditions, share price, and other considerations. The program does not obligate the Company to acquire any specific number of shares of the Company’s common stock.

“We are committed to a disciplined capital allocation strategy and look to use our balance sheet to enhance shareholder value by growing NAV/share,” said Manuel Stotz, Executive Chairman of the Company. “Subject to market conditions, among other factors, if the stock trades at a premium to NAV, the company may consider issuing stock to buy $TON. Conversely, the company may consider repurchasing its own stock if it trades at a discount to NAV. The repurchase program provides us with a tool to enable us to do so.”

Formerly Verb Technology Company, TON Strategy Company began trading as TONX on the Nasdaq Capital Market on September 2, 2025, following its renaming. The name change and ticker symbol transition marked a further milestone in the Company’s shift into a dedicated digital asset treasury strategy focused on $TON.

The Company’s approach is to accumulate $TON and provide public market investors with an opportunity to strengthen and secure the TON ecosystem. TON is the only blockchain natively integrated at scale inside a global social platform, powering wallets, payments, and applications across Telegram. It also serves as a developer platform, with a growing community building apps, services, and games that benefit from Telegram’s far-reaching distribution of over 1 billion monthly active users. The Company believes that this unique integration positions TON as one of the most compelling projects at the intersection of crypto and social media, and itself as a significant infrastructure provider within the network.



 to the Top List of News

The LYCRA Company Goes ¡°ALL IN¡± at Intertextile Shanghai
Perma-Pipe Wins $30M in Contracts, Secures Key Saudi Aramco Approval for Strategic Expansion in Middle East Operations
DCO and Member States Unite through WE-Elevate to Advance Female-Led Enterprises in the Digital Economy
The LYCRA Company Announces Key Executive Appointments
Nippon Sanso Holdings Group Unifies Global Brand Logo Launching the ¡°NIPPON SANSO¡± Brand Worldwide
Zepp Health Acquires Core Assets of Wild.AI to Expand Support for Female Athletes Across Life Stages
LG¡¯s Transparent and Massive Digital Signage Headlines New Tokyo Commercial District

 

82% of Global LPs to Increase Exposure to Private Credit in Next Three...
Airship Named in 2025 Gartner¢ç Magic Quadrant¢â for Multichannel Mark...
Andersen Consulting Deepens Technology Capabilities with Indigo
HOMI AI Secures $1.5 Million from Korea Government¡¯s Global TIPS Prog...
CSC Honored in New York Law Journal ¡°Best Of¡± Awards for Fourteenth ...
Regnology Announces 32nd Annual RegTech Convention on 17-20 November
SES Appoints Joseph Cohen to Board of Directors
Andersen Global Launches Member Firm in Tanzania
Redefining the Road with ACP and AI: How LG, Xbox and Zoom Are Powerin...
Venture Global Announces Over $30,000 for the Monumental Sports & Ente...

 

 

60, Gamasanro 27gil, Guro-gu, Seoul, Korea, e-mail: news@newsji.com

Copyright, NEWSJI NETWORK.