{
  "id": 14719877,
  "title": "Nasdaq-listed Tron sets up $200M ATM share offering to fuel TRX acquisitions",
  "url": "https://urgent.news/2026/10/15/nasdaq-listed-tron-sets-up-200m-atm-share-offering-to-fuel-trx",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T14:16:55.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/nasdaq-tron-200m-atm-offering-fuel-trx-acquisitions"
  },
  "original_language": "en",
  "account": "Nasdaq-listed Tron is planning a $200 million share offering to expand its TRX (Tron) treasury. The company, currently holding approximately $237 million in TRX tokens, aims to fund additional acquisitions through the new at-the-market (ATM) share offering. Tron's ATM deal, which will be handled by Clear Street LLC, allows the company to periodically sell shares at a par value of $0.0001 through an agent with a commission of up to 3% of gross proceeds. The existing TRX acquisition program, initiated in February, called for purchasing around $50,000 worth of TRX daily for 360 consecutive days. Currently, Tron's treasury holds 718.9 million TRX tokens, valued at approximately $237 million following a recent acquisition of 149,369 TRX at an average price of $0.3347. Tron's shares experienced a 4.7% decline on Thursday, following a roughly 67% decline over the past 12 months.",
  "summary": "The Nasdaq-listed treasury company holds about $237 million in TRX tokens and plans to raise additional capital to fund its purchases, alongside its daily accumulation.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}