Kingsway urges TON Strategy to accelerate share buybacks
Bitget2026/10/27 12:05- 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: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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