Aristeia Capital, L.L.C. Increases Stake in TON Strategy Co to 8.66%

On April 2, 2026, Aristeia Capital, L.L.C. filed an amended Schedule 13G (Amendment No. 1) disclosing an increased stake in TON Strategy Co (TONX). As of the event date of March 31, 2026, Aristeia Capital beneficially owns 4,895,110 shares of Common Stock, representing approximately 8.66% of the company. This is an increase from the previously reported 4,849,363 shares (8.21%). The filing also identifies a potential "group" for Section 13(d) purposes consisting of the Investment Adviser and individual managers William R. Techar, Anthony M. Frascella, Robert H. Lynch, Jr., and Jonathan M. Hla. Collectively, this group is deemed to beneficially own 5,894,057 shares, or approximately 10.43% of the outstanding common stock based on 56,530,617 shares outstanding as of March 24, 2026. The reporting persons certified that the securities were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.