• Kingsway Capital urged TON Strategy’s board to accelerate share repurchases today, calling for directors more aligned with shareholders.
• The investor holds approximately 22% of outstanding shares, making it the largest shareholder.
• Shares trade at a 44% discount to estimated treasury asset value per share, according to Kingsway.
• Manuel Stotz, Kingsway’s CEO and the company’s executive chairman, has advocated larger buybacks over the past year.
• Kingsway criticized limited repurchases and little substantive engagement from certain directors, seeking a negotiated resolution.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ton Strategy Company published the original content used to generate this news brief via Business Wire (Ref. ID: 20261027829824) on October 27, 2026, and is solely responsible for the information contained therein.