Nasdaq has reprimanded TON Strategy Company for violating shareholder approval requirements in connection with its $272 million Toncoin acquisition and related private placement financing. The company will remain listed on the exchange after regulators determined that the violations were unintentional rather than deliberate attempts to bypass compliance rules. TON Strategy received the formal Letter of Reprimand on October 28, following an investigation into its August 2025 transaction structure. The fi ...