TRON Inc. Issues 220 Million Shares in $110M Deal with Bravemorning, Resulting in Change of Control

Reuters
2025.09.02 10:31
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TRON Inc. has issued 220 million shares to Bravemorning Limited for $110 million, resulting in Bravemorning owning approximately 86.6% of TRON's outstanding shares. This transaction involved a private placement of Series B Convertible Preferred Stock and the exercise of PIPE Warrants at $0.50 per share, leading to a change in control of the company.