TON Strategy Company approved a $250 million stock repurchase program.
The program aims to enhance shareholder value by growing Net Asset Value per Share (NAV/share).
Repurchases may be made through open market transactions or other means in accordance with securities laws.
Board Approval
The stock repurchase program was unanimously approved by the board.
Capital Allocation Strategy
The company aims to enhance shareholder value by growing NAV/share.
Market Conditions
Repurchases will depend on liquidity, market conditions, share price, and other factors.
Stock Trading Strategy
The company may consider issuing stock to buy $TON if trading at a premium to NAV and repurchasing its own stock if trading at a discount.
Name and Ticker Change
Formerly known as Verb Technology Company, TON Strategy Company now trades as TONX on the Nasdaq.
- The approval of the stock repurchase program signals the company's commitment to enhancing shareholder value through strategic capital allocation.
- The transition to TONX marks a significant milestone in the company's shift towards a digital asset treasury strategy focused on $TON.
TON Strategy Company's stock repurchase program reflects its dedication to increasing shareholder value and adapting to market conditions. The company's focus on growing NAV/share and its shift towards a digital asset treasury strategy position it for future growth.