Nasdaq-listed Tron raises $200 million through the issuance of ATM shares to acquire TRX
2026-10-15 22:26:25
CoinMeta Data: Tron, listed on NASDAQ, announces a new $200 million ATM stock issuance plan to fund its TRX acquisition. The company currently holds approximately $237 million in TRX tokens and plans to raise additional funds through this plan to support its acquisition. According to documents submitted to the U.S. Securities and Exchange Commission (SEC) on Wednesday, this transaction allows Tron to regularly sell its common shares at a par value of $0.0001 per share. Tron's existing TRX accumulation plan, announced in February, aims to purchase about $50,000 worth of TRX per day for a period of 360 days.
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Source:Cointelegraph
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