Tron, a Nasdaq-listed company, announced the establishment of a $200 million at-the-market (ATM) share offering program with Clear Street LLC. The company’s shares opened 4.7% lower on Thursday, extending approximately a 67% decline over twelve months. This operation aims to fund acquisitions of TRX tokens. For comparison, shares of Evernorth, the company’s XRP treasury, rose 5% at Nasdaq opening.
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