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Tron Inc. (NASDAQ:TRON), currently trading at $4.30 with a market capitalization of $153 million, announced this week that its board of directors has approved an amendment to the terms of previously issued warrants, allowing the exercise price to be paid in TRON tokens (TRX) in addition to cash or cashless exercise. The stock has demonstrated remarkable momentum, gaining over 580% year-to-date. The amendment pertains to warrants issued on June 16, 2025, as part of a private placement of Series B Convertible Preferred Stock with Bravemorning Limited, an institutional investor entity controlled by board member Weike Sun.
According to the company’s statement, the warrants grant the right to acquire up to 220,000,000 shares of Tron Inc. common stock at an exercise price of $0.50 per share. Under the revised terms, holders may now elect to satisfy the exercise price using TRX tokens, with the value determined based on the closing price published on CoinMarketCap on the day immediately preceding the exercise date. All other terms of the warrants remain unchanged. InvestingPro analysis indicates the company maintains strong liquidity with a current ratio of 9.71, though current valuations suggest the stock may be overvalued.
The board approved the amendment on Monday, with Mr. Sun recusing himself from the decision. Tron Inc. is incorporated in Nevada and its common stock is listed on the Nasdaq Capital Market. For deeper insights into TRON’s valuation metrics and 13 additional ProTips, visit InvestingPro.
This information is based on a press release statement included in a recent filing with the Securities and Exchange Commission.
In other recent news, SRM Entertainment announced a significant strategic shift by changing its corporate name to Tron Inc., effective July 17, 2025. This name change aligns with the company’s new focus on becoming a TRON treasury strategy company. In addition, SRM Entertainment has completed a $100 million TRON Treasury launch, positioning itself as the largest publicly traded holder of TRON tokens. The company has successfully staked 365 million TRON tokens through JustLend, aiming for potential annual yields of up to 10% by combining staking rewards with energy renting. Furthermore, SRM Entertainment has entered into a Securities Purchase Agreement for a private investment in public equity (PIPE) offering, involving 100,000 shares of Series B Convertible Preferred Stock. These shares are convertible into 200,000,000 shares of common stock, with warrants issued for an additional 220,000,000 shares. In a related development, Tron’s digital asset platform is preparing to go public in the United States via a reverse merger with SRM Entertainment, as reported by the Financial Times. The merger is being orchestrated by Dominari Securities.
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