TON Strategy Company stock falls 3.47 percent on September 24

TON Strategy Company stock (formerly Verb Technology Company) was trading at USD 3.90 on Nasdaq on September 24, 2026 at 11:53 a.m. ET, down 3.47 percent from USD 4.04. The move leaves the company valued at USD 220,469,406 and puts the share price 48.07 percent below its 52-week high of USD 7.51.

Buyback plan carries USD 250 million

The company has a substantial capital-allocation tool in place. According to StockTitan, TON Strategy Company entered a Rule 10b5-1 trading plan for share repurchases over a two-month period beginning July 1, 2026, under an existing USD 250 million authorization.

The authorization is larger than the company market capitalization shown in the September 24 quote. That relationship makes repurchase execution and the amount of stock actually retired more important than the headline size of the program.

TON treasury strategy reshapes the story

The corporate transition began with a historical financing event. StockTitan reported that the former Verb Technology Company completed a USD 558 million private placement on August 7, 2025, issuing 57.4 million common shares at USD 9.51 and 1.28 million pre-funded warrants at USD 9.5099.

The historical placement price provides a sharp reference point. The September 24 price of USD 3.90 is 58.99 percent below USD 9.51, while the market capitalization of USD 220,469,406 is below the gross proceeds of that financing. The company said the proceeds would be used primarily to purchase Toncoin and support working capital, marking a shift from its earlier social-commerce profile.

Stock remains below yearly high

TON Strategy Company stock was trading at USD 3.90 on Nasdaq on September 24, 2026 at 11:53 a.m. ET. The session change was negative, while the 52-week range of USD 1.75 to USD 7.51 shows that the stock remains closer to its yearly low than its yearly high.