Director Stotz Manuel bought 70,000 shares of TONX at $7.11 on 2025-09-29; stock now $6.90 post-IPO.
Stotz Manuel, a director, purchased 70,000 shares at $7.11, representing a $497,602.00 investment on a recently listed company (20 trading days). The transaction occurred above the current market price of $6.90, meaning the stock has declined since the purchase. TONX is unprofitable with $-2,376,000.00 net income in its latest full fiscal year, though it posted +1320.6% annual revenue growth. The company has a $13,095,889.50 market cap and generated only $2,123,000.00 in the most recent quarter. This buy activity by an insider occurs in an immature post-IPO context with limited trading history, and the near-term price movement suggests the market has reassessed the company's valuation since this trade date.