Jarrett Boon, CEO of Bonk, Inc., added, "The arrival of TenX as a major holder and partner is a watershed moment. When another public company-fresh off a $29.9 million CAD financing-allocates significant capital to acquire ~220 billion BONK, it confirms what we have said all along: this asset is moving from the fringe to the balance sheets of regulated entities. We welcome TenX to the ecosystem and look forward to seeing their infrastructure expertise drive further utility." About TenX Protocols Inc. TenX ( ...

Core Viewpoint - Bonk, Inc. is implementing a 1-for-35 reverse stock split as a final step in its transformation from a beverage company to a digital asset holding company, aimed at aligning its share structure with its new revenue-generating business model [1][3]. Strategic Rationale - The reverse stock split is part of a comprehensive restructuring that includes eliminating legacy debt, acquiring a majority revenue interest in Bonk.fun valued at approximately $30 million, and building a significant treasury of BONK digital assets [3]. - The consolidation aims to align the number of outstanding shares with the company's new market capitalization and asset base, attract institutional capital, and ensure compliance with Nasdaq listing requirements [6][4]. Transaction Details - The reverse stock split will take effect on December 11, 2025, reducing the number of outstanding shares from approximately 184,976,280 to about 5,285,037 [2][7]. - The reverse stock split was approved by stockholders at a special meeting held on June 12, 2025 [4]. Leadership Commentary - The CEO of Bonk, Inc. stated that the company has rebuilt itself into a debt-free, revenue-generating entity and that the capital optimization through the reverse stock split is the final piece of the transformation puzzle [4]. Shareholder Information - Stockholders will not need to take any action to receive post-split shares, as adjustments will be made automatically for those holding shares in book-entry form or brokerage accounts [9][10]. - No fractional shares will be issued; instead, stockholders entitled to fractional shares will receive cash for those fractions [10]. Company Overview - Bonk, Inc. is evolving to bridge traditional public markets with the digital asset ecosystem, focusing on acquiring revenue-generating assets within the DeFi space while also operating a beverage division [11].

Core Insights - Bonk, Inc. has acquired a majority revenue interest in Bonk.fun, valued at approximately $30 million, to accelerate the accumulation of 5% of the total circulating supply of BONK [1][1][1] - The company aims to become the largest institutional holder of BONK digital assets, leveraging the revenue stream to purchase and hold BONK assets at scale [1][1][1] - Bonk.fun generated around $30 million in revenue in July 2025, indicating strong liquidity potential during bull markets [1][1][1] Revenue Strategy - The acquisition of a 51% revenue stream is intended to provide direct capital flow for BONK asset purchases [1][1] - Two additional products are set to launch by the end of December, designed to integrate with the BONK ecosystem and create new revenue channels [1][1][1] - This expanded revenue model is expected to expedite the treasury accumulation strategy [1][1] Leadership Perspective - Mitchell Rudy, a core contributor and Board Director, emphasized the company's strategy to solidify a dominant position in BONK supply through the majority revenue interest [1][1] - The strategy is described as building a "fortress balance sheet" to lock in long-term value and enhance market confidence [1][1] Company Overview - Bonk, Inc. operates to bridge traditional public markets and the digital asset ecosystem, focusing on acquiring revenue-generating assets in the DeFi space [1][1] - The company also has a beverage division that includes the patented Sure Shot and Yerbaé brands [1][1]