Tron Inc. secures $18M strategic equity investment from Justin Sun at $1.3775/share

Tron Inc.

Black Anthem Limited, controlled by Justin Sun, buys 13,067,151 restricted shares at $1.3775 each, gross proceeds ~$18M.
Proceeds to be paid in USDT/USDC stablecoin and used to expand TRX treasury portfolio.
Issuance brings total shares outstanding to ~274.4M; exempt from registration under Section 4(a)(2).
Justin Sun is founder of TRON blockchain and advisor to Tron Inc., signaling long-term alignment with ecosystem growth.
Company believes investment strengthens credibility, balance sheet, and ability to drive shareholder value.

item 1.01 item 3.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Tron Inc. issued 13,067,151 shares of common stock to Black Anthem Limited for $1.3775 per share.

Security: common stock
Shares: 13,067,151 shares
Purchaser: Black Anthem Limited
Consideration: $1.3775 per share

Exact text from the filing

the Investor agreed to purchase 13,067,151 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) for a purchase price of $1.3775 per share, for gross proceeds to the Company of approximately $18 million.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Tron Inc. entered into Stock Purchase Agreement with Black Anthem Limited valued at approximately $18 million (effective 2025-12-24).

Action: entry
Agreement: equity purchase
Counterparty: Black Anthem Limited
Value: approximately $18 million
Effective: 2025-12-24

Exact text from the filing

On December 24, 2025, Tron Inc. (the “Company”) entered into a Stock Purchase Agreement (the “SPA”) with Black Anthem Limited (the “Investor”).

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Tron Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-029225

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