Justin Sun’s TRON stock nears delisting price

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Justin Sun’s TRON Inc. stock is trading just 15 cents above the $1 threshold required to remain listed on Nasdaq. If the stock closes below $1 for 30 consecutive trading days, it will enter a 180-day compliance period that could lead to delisting. The company could avoid this by conducting a reverse split, and it recently partnered with Clear Street to act as a broker for selling its shares. TRON Inc. holds approximately $250 million in TRX tokens, giving the company a market cap of over $500 million. The stock has fallen 50% from its highs earlier this year.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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