PANews reported on November 3 that, according to an 8-K filing with the U.S. SEC, TON Strategy disclosed that it received a letter of reprimand from Nasdaq's Listing Qualifications Department on October 28. The department determined that the company had violated shareholder approval requirements under Nasdaq Listing Rules 5635(a) and 5635(b). The letter of reprimand stated that while the department identified rule non-compliance, these violations did not appear to be intentionally intended to circumvent compliance; therefore, the department considered issuing a letter of reprimand (rather than delisting the company's securities) to be the appropriate course of action. The company's shares will continue to be listed on Nasdaq, and the issuance of the letter of reprimand signifies that these matters have been resolved.