Nasdaq Issues Warning to TON Strategy for Violating Shareholder Approval Rules in $558 Million Stock Sale and Crypto Purchase.

Nasdaq has issued a warning to TON Strategy for violating its shareholder approval rules. The company, which recently changed its name and began purchasing hundreds of millions of dollars worth of Toncoin, failed to get shareholder approval for the massive crypto purchase and private sale of stock shares. Nasdaq determined that the company did not deliberately intend to avoid compliance and opted to issue a warning instead of delisting the company's stock.