TRON has filed paperwork with the U.S. Securities and Exchange Commission (SEC) to register up to $1 billion in securities, allowing the company to raise capital through various financial instruments.
TRON's SEC Filing
The Form S-3 shelf registration allows the company to raise capital by offering common and preferred shares, warrants, and other financial instruments. TRON did not disclose specific dates, pricing, or plans for the actual offering.
Internal Changes in the Company
Previously, on June 16, TRON completed a $100 million private placement deal, involving the sale of 100,000 shares of Series B Preferred Stock valued at $1,000 each, convertible into a total of 200 million shares of common stock. 'This gives the investor leverage without crossing control thresholds,' said Zhihong Liu, TRON’s Director.
Recent Offerings and Their Features
The company also implemented changes to employment contracts for executives, including the CEO and CFO, who agreed to terms related to the PIPE deal while limiting their exit payouts. Notably, TRON does not plan to list these securities on any U.S. exchanges.
TRON continues to take proactive steps in securing capital and implementing internal changes, which could impact its future development amid an evolving market.
