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Tron Inc. (NASDAQ:TRON) reported strong financial results for Q2 2025, marking significant improvements across key metrics. The company achieved net income of $1.47 million, compared to a loss of $520,971 in the prior year period. Notably, shareholders' equity surged to over $111 million, representing an exceptional 3,500% year-over-year increase from $3.1 million in 2024.
The company has strengthened its financial position by eliminating all debt except operating accounts payable, including paying off a $500,000 promissory note. Tron's growth is attributed to its disciplined cost structure, low cash burn rate, and strategic investments in digital assets, particularly TRON tokens (TRX). The company plans to leverage its strong balance sheet for expansion initiatives in its blockchain-entertainment ecosystem.
Tron Inc. (Nasdaq: TRON) has announced a change in its ticker symbol from "SRM" to "TRON" on the Nasdaq exchange, effective July 17, 2025. The company's CUSIP number (85237B101) will remain unchanged.
This strategic rebranding aligns with Tron's transformation and commitment to the Tron blockchain ecosystem, following the implementation of its Tron-focused treasury strategy. CEO Rich Miller emphasized that this change strengthens the company's brand identity and positions it as a significant player in the blockchain and digital asset sector.
Corner Growth Acquisition Corp. 2 (NASDAQ: TRONU, TRON, TRONW) has concluded its tender offer to purchase Class A Ordinary Shares for $10.21 per share, which expired on January 6, 2023, at 5:00 p.m. ET. A total of 4,101,830 shares, representing 55.38% of outstanding shares, were validly tendered. Corner Growth will pay a total of $41,879,684.30 to the shareholders whose shares were tendered. The company is a special purpose acquisition vehicle aimed at strategic business combinations.
Corner Growth Acquisition Corp. 2 (NASDAQ: TRONU, TRON, TRONW) announced monthly contributions to its trust account, totaling
Corner Growth Acquisition Corp. 2 (NASDAQ: TRONU, TRON, TRONW) has announced an extension of its tender offer to purchase Class A Ordinary Shares at a price of $10.21 per share. The new expiration time is set for 5:00 p.m. New York City time on December 15, 2022. As of December 5, 2022, 6,823,436 shares were properly tendered. Shareholders who have already tendered do not need to take further action but can withdraw their shares until the new expiration time. This press release serves informational purposes and is not a solicitation to buy or sell shares.
Corner Growth Acquisition Corp. 2 has initiated a fixed price tender offer to repurchase its Class A Ordinary Shares at
Corner Growth Acquisition Corp. 2 (NASDAQ: TRONU, TRON, TRONW) announced a proposal to extend the date for completing its initial business combination, to be voted on at the extraordinary general meeting on
The Extension Amendment Proposal allows for monthly extensions without further shareholder votes, providing the company with additional time to finalize its business combination.
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