Tron Inc. Shares Hover 15 Cents Above Nasdaq's $1 Listing Threshold

Tron Inc. shares hovered about 15 cents above Nasdaq's $1 minimum bid threshold on Oct. 19, leaving the crypto treasury company near a level that can trigger a listing compliance process. The stock remains 50% below its highest point so far this year. If the stock closes below $1 for 30 consecutive trading days, Nasdaq starts a 180-day compliance period for the company. It can become eligible for delisting after that period. A reverse split could temporarily lift the share price above the $1 mark. Tron Inc. buys, holds and stakes TRON (TRX), while also purchasing older intellectual property and selling toys and accessories. TRX holdings exceed $250 million in value, while Tron Inc.'s market capitalization tops $500 million. Tron Inc.

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