Nasdaq-listed Tron sets up $200M ATM share offering to fuel TRX acquisitions
Summary
Nasdaq-listed Tron filed an at-the-market offering that allows it to sell up to $200 million in common stock through Clear Street, with proceeds intended to expand its TRX treasury. Clear Street may receive a commission of up to 3%. Tron’s existing program targets purchases of about $50,000 in TRX daily for 360 days. Its treasury holds 718.9 million TRX, valued at roughly $237 million, after a recent purchase of 149,369 tokens at an average of $0.3347. Tron shares opened 4.7% lower and were down about 67% over the prior 12 months.
