Nasdaq has issued a warning letter to TonnStrategy (TONX), a company with a strategic investment in TON, citing violations of shareholder approval requirements. According to Walter Bloomberg's report, the issue stems from a private placement and asset purchase agreement finalized in August. Nasdaq believes this agreement did not adhere to the necessary protocols outlined in its listing rules. Specifically, the exchange contends that TonnStrategy failed to obtain the required shareholder consent for the transaction. This puts TONX at risk of potential delisting if the issue isn't adequately addressed. The company will need to work with Nasdaq to rectify the situation and demonstrate compliance with listing standards to avoid further penalties. Investors in TONX should monitor the company's response to the warning and its plan to regain compliance. ```