Ton Strategy receives Nasdaq reprimand over shareholder approval lapse for excess equity awards

TON Strategy Company

TON Strategy Company

TONX

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  • Nasdaq issued a June 18, 2026 reprimand over violations of Listing Rule 5635(c) tied to equity awards exceeding the shareholder-approved 2019 plan.
  • Nasdaq ruled prior shareholder approval was required for the excess awards.
  • The shares will remain listed; Nasdaq closed the matter, citing no deliberate intent to evade compliance.
  • Ton Strategy self-reported the issue, obtained shareholder ratification to cover prior grants, rescinded recent officer and director grants.


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