TON Strategy Company (TONX)

[tedpeele]

The cash payment consisted of an aggregate of $15,000,000 (the “Acquisition Cash Payment”), which was paid using a portion of the net proceeds VERB received as a result of its recent public offering (the “Public Offering”) of units that closed on April 9, 2019, which closing was announced on April 12, 2019. $4,000,000 of the Acquisition Cash Payment was immediately

This DIRECTLY contradicts your scenario:

If SC wanted to participate in the PO they could have asked for less cash and accept stock in it's place, which is exactly what they did