Tron Inc. 8-K

What Happened

• Tron Inc. announced that on April 2, 2026 it received a conversion notice from Bravemorning Limited and issued 200,000,000 shares of its common stock to Bravemorning. The conversion related to 100,000 shares of Series B Convertible Preferred Stock originally issued June 16, 2025, which were convertible into 200,000,000 common shares at a conversion price of $0.50 per share. The common shares were issued in reliance on an exemption from registration under Section 4(a)(2) of the Securities Act.

Key Details

• Series B Preferred originally issued: 100,000 shares (June 16, 2025).
• Common shares issued on conversion: 200,000,000 shares (conversion price $0.50/share).
• Conversion date / issuance: April 2, 2026.
• Holder: Bravemorning Limited (an entity controlled by Weike Sun, Chairman). After issuance Bravemorning held 88.5% of outstanding common stock; total outstanding common shares became 474,382,064; no Series B Preferred remained outstanding.

Why It Matters

• The conversion materially increased the company’s outstanding common shares and resulted in Bravemorning owning 88.5% of the company’s common stock, creating a controlling stake. This changes ownership concentration, voting control, and the percentage ownership of other shareholders. The issuance was an unregistered sale made under a Securities Act exemption and extinguished the Company’s Series B Preferred.