Tron Inc., a blockchain-focused firm listed on Nasdaq, has filed to raise up to $1 billion through a mixed securities offering.
Registration and Fundraising Opportunities
Tron Inc. has filed Form S-3 with the U.S. Securities and Exchange Commission, allowing it to issue various securities, including common and preferred stock, debt instruments, and warrants. This will give the company flexibility to raise capital based on market conditions without requiring repeated SEC approval.
Merger with SRM Entertainment
The merger between Tron and SRM Entertainment was completed in June, involving a $100 million private investment. The deal was initiated by Weike Sun, the father of Justin Sun, whose investment was made entirely in TRX tokens. The new structure will hold $210 million in TRX tokens as primary assets.
Current Price Dynamics of Tron (TRX)
As of now, Tron Inc. is trading at $10.30 with a 53.27% increase in the last trading session. Since the merger, the company has surged over 1000%. Meanwhile, TRX price has fluctuated between $0.2763 and $0.3343, currently at $0.3307, with a market cap of $31.33 billion.
Tron Inc. is actively developing its market strategy by offering diverse tools for capital raising, which may strengthen its position in the future.
