Tron Inc. 8-K

What Happened
Tron Inc. (TRON) announced it entered into a Stock Purchase Agreement on December 24, 2025, selling 13,067,151 shares of common stock at $1.3775 per share to Black Anthem Limited for gross proceeds of approximately $18 million. The purchase price will be paid in stablecoin (USDT or USDC). Black Anthem is an entity controlled by Justin Sun, who is an advisor to the company.

Key Details

• Date of agreement: December 24, 2025.
• Shares sold: 13,067,151 common shares at $1.3775 per share.
• Gross proceeds: ~ $18 million, to be paid in USDT or USDC stablecoins.
• Ownership/registration: Shares issued in a private, unregistered sale relying on Section 4(a)(2); post-issuance shares outstanding will be 274,382,064.
• Related-party note: Investor is controlled by Justin Sun, a company advisor. Full SPA text is filed as Exhibit 10.1.

Why It Matters
This 8‑K reports a material financing transaction that provides Tron with about $18 million in immediate capital. Investors should note the dilution from the new shares (post-transaction share count disclosed) and that the buyer is affiliated with an advisor to the company, which is a related-party transaction disclosed in the filing. The payment in stablecoin is an operational detail that may be relevant to stakeholders tracking the company’s crypto-denominated cash flows.