TON Strategy Co (TONX) Terminates Advisory Agreement with Kingsway

What Happened
TON Strategy Co (ticker: TONX) filed an 8-K disclosing that on August 10, 2026 it notified Kingsway Capital Partners Limited that it has terminated the Advisory Services Agreement between the parties dated August 7, 2025. Under that Agreement, TON Strategy had agreed to pay an annual advisory fee equal to 2.0% of the company’s market capitalization (calculated on a fully diluted, as-converted basis), payable in 12 monthly installments in arrears. The company stopped making monthly payments under the Agreement in March 2026, with the last payment made on March 18, 2026. The full Agreement is attached to the filing as Exhibit 10.1.

Key Details

• Agreement date: August 7, 2025; termination notice dated August 10, 2026.
• Advisory fee: 2.0% of TON Strategy’s market capitalization (fully diluted, as converted), paid monthly in arrears.
• Payments ceased in March 2026; last payment made on March 18, 2026.
• The filing incorporates the complete Advisory Services Agreement as Exhibit 10.1.

Why It Matters
This filing confirms the end of a fee arrangement tied to TON Strategy’s market capitalization, which could reduce ongoing cash outflows that had been calculated monthly. The filing does not disclose any termination payment, liability, or the reason for stopping payments, so investors should review the attached Agreement (Exhibit 10.1) and watch for further disclosures that clarify any financial impact or replacement advisory arrangements. Keywords: advisory agreement, termination, fees, market capitalization.