Tron Inc. Opens a $200M Share Sale to Buy More TRX
• Per an Oct 15 SEC filing, Nasdaq-listed Tron Inc. (TRON) set up an at-the-market offering of up to $200M, with Clear Street as agent, to grow its TRX treasury.
• It already holds about 718.9M TRX (~$237M), and its ~$50K-a-day buying program continues.
• The stock opened 4.7% lower and is down about 67% over 12 months.
If fully used, this is real buying power next to $50K a day. The cost is dilution for shareholders who are already deep underwater.
Not investment advice. DYOR.
@justinsuntron
• Per an Oct 15 SEC filing, Nasdaq-listed Tron Inc. (TRON) set up an at-the-market offering of up to $200M, with Clear Street as agent, to grow its TRX treasury.
• It already holds about 718.9M TRX (~$237M), and its ~$50K-a-day buying program continues.
• The stock opened 4.7% lower and is down about 67% over 12 months.
If fully used, this is real buying power next to $50K a day. The cost is dilution for shareholders who are already deep underwater.
Not investment advice. DYOR.
@justinsuntron