Tron Inc. announced that it may issue up to $1 billion in securities in total, through its Form S-3 shelf registration filing with the U.S. Securities and Exchange Commission (SEC). Under this application, the company gained the flexibility to offer common stock, preferred stock, debt instruments, warrants and other hybrid securities to the public. No timetable has yet been released for when or under what terms these securities will be issued. However, the filing reveals that Tron Inc. is aiming for growth through capital increases in the coming period. Form S-3 is a registration form that allows publicly traded companies in the U.S. to quickly and flexibly obtain SEC approval for securities sales. This “shelf registration” method allows companies to easily launch public offerings within a predetermined timeframe and at future dates, depending on the investment climate. Related News: BREAKING: SEC Updates Two Cryptocurrency Spot ETF Applications - One Linked to Trump However, this filing does not guarantee that a security will be sold immediately. Form S-3 merely provides a framework for the sale. A “prospectus supplement” is also published before each sale. Tron Inc., formerly known as SRM Entertainment, attracted attention in July for its name change, its ticker symbol update to “TRON,” and its strategy focused on the Tron blockchain ecosystem. The company has direct ties to TRX founder Justin Sun. The company currently holds one of the largest publicly traded reserves of TRON (TRX). *This is not investment advice. Continue Reading: Tron (TRX) Submits Application to SEC: Aiming for a New $1 Billion Move
