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[6-K] AlphaTON Capital Corp Current Report (Foreign Issuer)

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AlphaTON Capital Corp announced a CFO transition. Andrea Park will depart on October 24, 2025, and Wes Levitt will join as Chief Financial Officer under an independent contractor agreement dated October 22, 2025.

Levitt’s compensation includes an annual base fee of $250,000 in cash and $250,000 worth of TON tokens, a performance bonus with a 200% target of base compensation (50% threshold and 400% maximum), and an annual equity performance bonus ranging from $250,000 to $1,000,000. He will also receive annual equity grants of $250,000 in RSUs and/or options vesting 25% per year over four years. If terminated without Cause or he resigns for Good Reason, severance includes 24 months of base fee, 2x target bonus, pro‑rated current-year bonus based on actual performance, 12 months of health and welfare stipends, accelerated vesting of equity that would vest in the next 24 months, and outplacement services up to $50,000.

AlphaTON Capital Corp ha annunciato un passaggio di CFO. Andrea Park partirà il 24 ottobre 2025, e Wes Levitt entrerà come Chief Financial Officer sotto un accordo di lavoro autonomo datato 22 ottobre 2025.

La retribuzione di Levitt include una tariffa base annua in contanti di $250,000 e $250,000 in token TON, una bonus di performance con un obiettivo del 200% della retribuzione base (soglia del 50% e massimo del 400%), e un bonus annuo di performance azionaria che va da $250,000 a $1,000,000. Riceverà inoltre premi azionari annuali di $250,000 in RSU e/o opzioni, che maturano al 25% all'anno per quattro anni. Se terminato senza buone ragioni o si dimette per buone ragioni (Good Reason), la liquidazione comprende 24 mesi della retribuzione base, 2 volte il bonus obiettivo, bonus corrente pro‑rata basato sulla performance effettiva, 12 mesi di sussidi per salute e welfare, accelerazione della vesting di azioni che maturerebbero nei prossimi 24 mesi, e servizi di outplacement fino a $50,000.

AlphaTON Capital Corp anunció una transición de CFO. Andrea Park partirá el 24 de octubre de 2025, y Wes Levitt se unirá como Director Financiero bajo un acuerdo de contratista independiente con fecha 22 de octubre de 2025.

La compensación de Levitt incluye una tarifa base anual en efectivo de $250,000 y $250,000 en tokens TON, una bonificación por desempeño con un objetivo del 200% de la compensación base (umbrales del 50% y máximo del 400%), y una bonificación anual de desempeño en acciones que oscila entre $250,000 y $1,000,000. También recibirá premios de acciones anuales por $250,000 en RSU y/o opciones que se consolidan a razón del 25% por año durante cuatro años. Si termina sin causa o renuncia por motivos justificados, la indemnización incluye 24 meses de la tarifa base, 2x la bonificación objetivo, bonificación actual prorrateada basada en el desempeño real, 12 meses de estipendios de salud y bienestar, aceleración de la consolidación de acciones que vencerían en los próximos 24 meses, y servicios de recolocación de hasta $50,000.

AlphaTON Capital Corp는 CFO 전환을 발표했습니다. Andrea Park은 2025년 10월 24일에 퇴임하고, Wes Levitt가 2025년 10월 22일자로 체결된 독립 계약자 계약에 따라 최고재무책임자로 합류합니다.

Levitt의 보상은 현금으로 연간 기본 수수료 $250,000$250,000의 TON 토큰 가치, 기본 보상의 200%를 목표로 하는 성과 보너스(기준 50%, 최대 400%), 그리고 연간 주식 성과 보너스가 $250,000에서 $1,000,000 사이인 것을 포함합니다. 또한 매년 $250,000의 RSU 및/또는 옵션으로 4년에 걸쳐 연 25% vesting되는 주식 보상도 받게 됩니다. 만약 정당한 사유 없이 해고되거나 합리적인 사유로 사임하는 경우, 계약은 24개월의 기본 수수료, 목표 보너스의 2배, 실제 성과에 기반한 비례 현년 보너스, 12개월의 건강 및 복지 수당, 향후 24개월 동안 vesting될 주식의 가속화, 최대 $50,000의 아웃플레이스먼트 서비스 등을 포함합니다.

AlphaTON Capital Corp a annoncé une transition de directeur financier. Andrea Park quittera ses fonctions le 24 octobre 2025, et Wes Levitt se joindra en tant que directeur financier sous un contrat de prestataire indépendant daté du 22 octobre 2025.

La rémunération de Levitt comprend des frais de base annuels en espèces de $250,000 et $250,000 en jetons TON, une prime de performance avec un objectif de 200% du salaire de base (seuil à 50% et maximum à 400%), et une prime annuelle de performance en actions allant de $250,000 à $1,000,000. Il recevra également des attributions d’actions annuelles d’un montant de $250,000 en RSU et/ou options qui vestent à 25% par an sur quatre ans. En cas de résiliation sans cause ou de démission pour raisons valables, l’indemnité comprend 24 mois de salaire de base, 2x la prime cible, une prime au prorata de l’année en cours basée sur la performance effective, 12 mois de prestations de santé et de bien-être, une accélération du vesting des actions qui vesteraient au cours des 24 mois suivants, et des services d’outplacement jusqu’à $50,000.

AlphaTON Capital Corp hat eine CFO-Übergabe angekündigt. Andrea Park wird am 24. Oktober 2025 das Unternehmen verlassen, und Wes Levitt wird als Chief Financial Officer unter einem unabhängigen Auftragnehmervertrag vom 22. Oktober 2025 beitreten.

Levitts Vergütung umfasst eine jährliche Grundvergütung in bar von $250,000 und $250,000 Wert an TON-Token, eine Leistungsbonus mit einem Ziel von 200% der Grundvergütung (50% Schwelle und 400% Maximum), und einen jährlichen Aktienleistungsbonus in Höhe von $250,000 bis $1,000,000. Er wird außerdem jährliche Aktienzuteilungen von $250,000 in RSUs und/oder Optionen erhalten, die zu 25% pro Jahr über vier Jahre vesten. Falls er ohne Schuldhafte Kündigung beendet wird oder aus guten Gründen kündigt, umfasst die Abfindung 24 Monate Basisgehalt, das 2x Zielbonus, anteiliger aktueller Jahresbonus basierend auf der tatsächlichen Leistung, 12 Monate Gesundheits- und Sozialleistungen, beschleunigte Vesting von Aktien, die in den nächsten 24 Monaten vesten würden, und Outplacement-Services bis zu $50,000.

أعلنت AlphaTON Capital Corp عن انتقال المدير المالي. ستغادر Andrea Park في 24 أكتوبر 2025، وسيُنضم Wes Levitt كقائم بأعمال المدير المالي بموجب اتفاق مقاول مستقل dated 22 أكتوبر 2025.

يتضمن تعويض Levitt أجراً أساسياً سنوياً نقداً قدره $250,000 و $250,000 من رموز TON، ومكافأة أداء تستهدف 200% من التعويض الأساسي (عتبات 50% وحد أقصى 400%)، ومكافأة أداء سنوية للأسهم تتراوح بين $250,000 و $1,000,000. كما سيحصل على منح أسهم سنوية بقيمة $250,000 في RSU و/أو خيارات تستحق بالتقادم بنسبة 25% سنوياً على مدى أربع سنوات. إذا تم إنهاؤه دون سبب وجيه أو استقال من أسباب مبررة، تشمل التعويضات 24 شهراً من الراتب الأساسي، و2x من مكافأة الهدف، ومكافأة السنة الحالية بنسبة الاعتماد على الأداء الفعلي، و12 شهراً من بدل الصحة والرفاهية، وتسرع تقادم الأسهم التي ستتسارع في الـ 24 شهراً القادمة، وخدمات توزيع وظائف حتى $50,000.

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Insights

CFO change with performance-heavy package; thesis impact neutral.

AlphaTON is replacing its CFO, effective October 24, 2025, and engaging Wes Levitt via an independent contractor structure. The pay mix blends cash, TON tokens, and equity, with a sizeable variable component tied to performance metrics.

Key levers are the 200% target bonus (50% threshold, 400% max) and an equity performance bonus between $250,000 and $1,000,000, plus recurring equity grants of $250,000 vesting over four years. This concentrates incentives on results while introducing token-based compensation exposure.

Protection terms are robust: 24 months of base fee, 2x target bonus, a pro‑rated current-year bonus based on actual performance, 12 months of stipends, accelerated vesting for awards scheduled within 24 months, and up to $50,000 in outplacement. Actual impact depends on execution and future disclosures.

AlphaTON Capital Corp ha annunciato un passaggio di CFO. Andrea Park partirà il 24 ottobre 2025, e Wes Levitt entrerà come Chief Financial Officer sotto un accordo di lavoro autonomo datato 22 ottobre 2025.

La retribuzione di Levitt include una tariffa base annua in contanti di $250,000 e $250,000 in token TON, una bonus di performance con un obiettivo del 200% della retribuzione base (soglia del 50% e massimo del 400%), e un bonus annuo di performance azionaria che va da $250,000 a $1,000,000. Riceverà inoltre premi azionari annuali di $250,000 in RSU e/o opzioni, che maturano al 25% all'anno per quattro anni. Se terminato senza buone ragioni o si dimette per buone ragioni (Good Reason), la liquidazione comprende 24 mesi della retribuzione base, 2 volte il bonus obiettivo, bonus corrente pro‑rata basato sulla performance effettiva, 12 mesi di sussidi per salute e welfare, accelerazione della vesting di azioni che maturerebbero nei prossimi 24 mesi, e servizi di outplacement fino a $50,000.

AlphaTON Capital Corp anunció una transición de CFO. Andrea Park partirá el 24 de octubre de 2025, y Wes Levitt se unirá como Director Financiero bajo un acuerdo de contratista independiente con fecha 22 de octubre de 2025.

La compensación de Levitt incluye una tarifa base anual en efectivo de $250,000 y $250,000 en tokens TON, una bonificación por desempeño con un objetivo del 200% de la compensación base (umbrales del 50% y máximo del 400%), y una bonificación anual de desempeño en acciones que oscila entre $250,000 y $1,000,000. También recibirá premios de acciones anuales por $250,000 en RSU y/o opciones que se consolidan a razón del 25% por año durante cuatro años. Si termina sin causa o renuncia por motivos justificados, la indemnización incluye 24 meses de la tarifa base, 2x la bonificación objetivo, bonificación actual prorrateada basada en el desempeño real, 12 meses de estipendios de salud y bienestar, aceleración de la consolidación de acciones que vencerían en los próximos 24 meses, y servicios de recolocación de hasta $50,000.

AlphaTON Capital Corp는 CFO 전환을 발표했습니다. Andrea Park은 2025년 10월 24일에 퇴임하고, Wes Levitt가 2025년 10월 22일자로 체결된 독립 계약자 계약에 따라 최고재무책임자로 합류합니다.

Levitt의 보상은 현금으로 연간 기본 수수료 $250,000$250,000의 TON 토큰 가치, 기본 보상의 200%를 목표로 하는 성과 보너스(기준 50%, 최대 400%), 그리고 연간 주식 성과 보너스가 $250,000에서 $1,000,000 사이인 것을 포함합니다. 또한 매년 $250,000의 RSU 및/또는 옵션으로 4년에 걸쳐 연 25% vesting되는 주식 보상도 받게 됩니다. 만약 정당한 사유 없이 해고되거나 합리적인 사유로 사임하는 경우, 계약은 24개월의 기본 수수료, 목표 보너스의 2배, 실제 성과에 기반한 비례 현년 보너스, 12개월의 건강 및 복지 수당, 향후 24개월 동안 vesting될 주식의 가속화, 최대 $50,000의 아웃플레이스먼트 서비스 등을 포함합니다.

AlphaTON Capital Corp a annoncé une transition de directeur financier. Andrea Park quittera ses fonctions le 24 octobre 2025, et Wes Levitt se joindra en tant que directeur financier sous un contrat de prestataire indépendant daté du 22 octobre 2025.

La rémunération de Levitt comprend des frais de base annuels en espèces de $250,000 et $250,000 en jetons TON, une prime de performance avec un objectif de 200% du salaire de base (seuil à 50% et maximum à 400%), et une prime annuelle de performance en actions allant de $250,000 à $1,000,000. Il recevra également des attributions d’actions annuelles d’un montant de $250,000 en RSU et/ou options qui vestent à 25% par an sur quatre ans. En cas de résiliation sans cause ou de démission pour raisons valables, l’indemnité comprend 24 mois de salaire de base, 2x la prime cible, une prime au prorata de l’année en cours basée sur la performance effective, 12 mois de prestations de santé et de bien-être, une accélération du vesting des actions qui vesteraient au cours des 24 mois suivants, et des services d’outplacement jusqu’à $50,000.

AlphaTON Capital Corp hat eine CFO-Übergabe angekündigt. Andrea Park wird am 24. Oktober 2025 das Unternehmen verlassen, und Wes Levitt wird als Chief Financial Officer unter einem unabhängigen Auftragnehmervertrag vom 22. Oktober 2025 beitreten.

Levitts Vergütung umfasst eine jährliche Grundvergütung in bar von $250,000 und $250,000 Wert an TON-Token, eine Leistungsbonus mit einem Ziel von 200% der Grundvergütung (50% Schwelle und 400% Maximum), und einen jährlichen Aktienleistungsbonus in Höhe von $250,000 bis $1,000,000. Er wird außerdem jährliche Aktienzuteilungen von $250,000 in RSUs und/oder Optionen erhalten, die zu 25% pro Jahr über vier Jahre vesten. Falls er ohne Schuldhafte Kündigung beendet wird oder aus guten Gründen kündigt, umfasst die Abfindung 24 Monate Basisgehalt, das 2x Zielbonus, anteiliger aktueller Jahresbonus basierend auf der tatsächlichen Leistung, 12 Monate Gesundheits- und Sozialleistungen, beschleunigte Vesting von Aktien, die in den nächsten 24 Monaten vesten würden, und Outplacement-Services bis zu $50,000.

أعلنت AlphaTON Capital Corp عن انتقال المدير المالي. ستغادر Andrea Park في 24 أكتوبر 2025، وسيُنضم Wes Levitt كقائم بأعمال المدير المالي بموجب اتفاق مقاول مستقل dated 22 أكتوبر 2025.

يتضمن تعويض Levitt أجراً أساسياً سنوياً نقداً قدره $250,000 و $250,000 من رموز TON، ومكافأة أداء تستهدف 200% من التعويض الأساسي (عتبات 50% وحد أقصى 400%)، ومكافأة أداء سنوية للأسهم تتراوح بين $250,000 و $1,000,000. كما سيحصل على منح أسهم سنوية بقيمة $250,000 في RSU و/أو خيارات تستحق بالتقادم بنسبة 25% سنوياً على مدى أربع سنوات. إذا تم إنهاؤه دون سبب وجيه أو استقال من أسباب مبررة، تشمل التعويضات 24 شهراً من الراتب الأساسي، و2x من مكافأة الهدف، ومكافأة السنة الحالية بنسبة الاعتماد على الأداء الفعلي، و12 شهراً من بدل الصحة والرفاهية، وتسرع تقادم الأسهم التي ستتسارع في الـ 24 شهراً القادمة، وخدمات توزيع وظائف حتى $50,000.

AlphaTON Capital Corp宣布CFO过渡。Andrea Park 将于 2025 年 10 月 24 日离任,Wes Levitt 将于 2025 年 10 月 22 日根据独立承包商协议加入,担任首席财务官。

Levitt 的薪酬包括每年现金基础费 $250,000 和等值 $250,000 的 TON 代币、以基本薪酬为基准的 200% 绩效奖金(阈值 50%、最高 400%)、以及年度股票绩效奖金,金额在 $250,000$1,000,000 之间。他还将获得每年 $250,000 的 RSU 和/或期权的股票授予,四年内每年归属 25%。如果因非正当原因解雇或因正当原因辞职,遣散费包括 24 个月的基本工资、目标奖金的 2 倍、基于实际绩效的本年度奖金按比例计算、12 个月的健康与福利津贴、未来 24 个月内将归属的股票的加速归属,以及高达 $50,000 的安置服务。

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of October, 2025

 

Commission File Number: 001-40086

 

AlphaTON Capital Corp

(Translation of registrant's name into English)

 

Clarence Thomas Building, P.O. Box 4649, Road Town, Tortola, British Virgin Islands, VG1110

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F [ X ] Form 40-F [  ]

 

 

 

 

INCORPORATION BY REFERENCE

 

This report on Form 6-K (including any exhibits attached hereto) shall be deemed to be incorporated by reference into the registration statements on Form S-8 (File Nos. 333-275842 and 333-289199) and Form F-3 (File Nos. 333-286961 and 333-290827) of AlphaTON Capital Corp (including any prospectuses forming a part of each such registration statement) and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.

 

 

 

 

 

 

 

 

 

 

 

 

Management Changes

 

On October 24, 2025, Andrea Park, Chief Financial Officer of AlphaTON Capital Corp (the “Company”), will depart from the Company, and Wes Levitt will join the Company as Chief Financial Officer. 

 

In connection with Mr. Levitt’s appointment as Chief Financial Officer, on October 22, 2025, the Company entered into an independent contractor agreement with Mr. Levitt (the “Levitt Contractor Agreement”).

 

Pursuant to the Levitt Contractor Agreement, Mr. Levitt is entitled to an annual base fee of $250,000 in cash and $250,000 worth of TON tokens. Mr. Levitt will also be eligible to receive an annual performance bonus target of 200% of base compensation (both cash and TON) based on performance metrics, with threshold (50%) and maximum overperformance (400%) payout features. Mr. Levitt will be eligible for an annual equity performance bonus ranging from $250,000 to $1,000,000 based on performance metrics. Mr. Levitt will also be granted annual equity grants under the Company’s equity incentive plan of $250,000 in the form of restricted stock units and/or stock options, which will vest 25% per year over four years. Additionally, Mr. Levitt shall be responsible for his own benefits, insurance and tax obligations, provided, however, that the Company will contribute a stipend towards certain benefits. Mr. Levitt is also entitled to certain additional benefits as described more fully in the Levitt Contractor Agreement. In the event Mr. Levitt is terminated without Cause or Mr. Levitt terminates his service for Good Reason (each as defined in the Levitt Contractor Agreement), Mr. Levitt will be entitled to: (i) an amount equal to 24 months of his then-current base fee, (ii) two times his target bonus, (iii) a pro-rated portion of his current year bonus based on actual performance, (iv) continuation of health and welfare stipends for 12 months, (v) accelerated vesting of all unvested equity awards that would have vested in the 24 months following termination, and (vi) executive outplacement services valued at up to $50,000.

 

The foregoing description of the Levitt Contractor Agreement is not complete and is qualified in its entirety by reference to the full text of the Levitt Contractor Agreement, a copy of which is attached hereto as Exhibit 10.1.

 

 

 

EXHIBITS

 

Exhibit No.   Description
     
10.1+   Independent Contractor Agreement, dated October 22, 2025, by and between the AlphaTON Capital Corp and Wes Levitt.

 

+ Certain of the exhibits and schedules to this exhibit have been omitted in accordance with Regulation S-K Item 601(a)(5). The Registrant agrees to furnish supplementally a copy of all omitted exhibits and schedules to the SEC upon its request.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SIGNATURE

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: October 23, 2025

 

ALPHATON CAPITAL CORP

 

By: /s/ Brittany Kaiser  
  Brittany Kaiser
  Chief Executive Officer
   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FAQ

What management change did ATON announce?

Andrea Park will depart on October 24, 2025, and Wes Levitt will become Chief Financial Officer.

What is Wes Levitt’s base compensation at ATON?

An annual base fee of $250,000 in cash and $250,000 worth of TON tokens.

What is the performance bonus target for ATON’s new CFO?

An annual performance bonus target of 200% of base compensation, with 50% threshold and 400% maximum payout features.

What equity awards will ATON grant to the new CFO?

An annual equity performance bonus of $250,000–$1,000,000, plus $250,000 in RSUs and/or options vesting 25% per year over four years.

What severance is provided if ATON terminates the CFO without Cause or he resigns for Good Reason?

Severance includes 24 months of base fee, 2x target bonus, a pro‑rated current-year bonus based on actual performance, 12 months of stipends, accelerated vesting for 24 months of scheduled equity, and up to $50,000 in outplacement.

When was the contractor agreement with the new CFO signed?

The independent contractor agreement was dated October 22, 2025.
AlphaTON Capital Corp

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Asset Management
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British Virgin Islands
Tortola