Tron Inc. Sets Up $200 Million Share Program for TRX Purchases

Tron Inc. has established a stock-sale program of up to $200 million, creating a potential source of capital for additional TRON (TRX) purchases as the Nasdaq-listed company expands its crypto holdings. Under an agreement dated Oct. 14, Clear Street LLC may sell Tron shares as the company’s agent or buy shares as principal under separately agreed terms. For sales made as agent, Clear Street’s commission can reach 3% of gross proceeds. The program sets a maximum amount available for sale; Tron has not guaranteed that it will sell shares or raise the full amount. Tron plans to use net proceeds mainly to acquire more TRX. Other stated uses include working capital, general corporate purposes and possible investments in technologies, products or businesses.

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