TRON Inc SEC Filings

Tron Inc. files an amended shelf registration/prospectus covering up to $1,000,000,000 of various securities including common stock, preferred stock, debt securities, warrants, rights and units. The prospectus includes a summary of risks specific to the company’s toy and souvenir business, highlighting seasonality, reliance on third-party manufacturers and vendors, supply-chain and transportation disruptions, tariff risk, product-liability and recall exposure, competition and changing consumer preferences, labor and tax risks, IT and intellectual-property risks, and potential adverse effects from weather and macroeconomic conditions. The filing also lists exhibits and agreements incorporated by reference, legal opinions, underwriting forms and service or advisory agreements, and is signed by the CEO.

William George Brumder II filed an amended Schedule 13G disclosing beneficial ownership of 1,336,536 shares of Tron Inc. common stock, representing approximately 4.0% of the 33,468,011 shares outstanding. The filing states these shares are held with sole voting and dispositive power and that the holdings were not acquired to influence control of the issuer. The document lists the issuer's principal office in Winter Park, Florida, and gives the reporting person's address as c/o HoganTaylor LLP in Oklahoma City. The filing is dated August 21, 2025, and references the outstanding share count disclosed in the issuer's August 8, 2025 quarterly report.

Richard A. Miller, the Chief Executive Officer and a director of Tron Inc. (TRON), reported insider transactions dated 08/15/2025. He purchased 200,000 shares of Common Stock at $0.56 per share, increasing his total beneficial ownership to 1,100,000 shares. In addition, he received two stock option awards exercisable at $0.56: 65,000 options issued under the 2023 Equity Incentive Plan and 135,000 options issued under the 2024 Equity Incentive Plan, together representing 200,000 option shares exercisable through 05/23/2030. All reported holdings and awards are shown as direct ownership.

Christopher Melton, a director of Tron Inc. (TRON), executed a cashless exercise of stock options under the company’s 2024 Equity Incentive Plan on 08/14/2025. He exercised 50,000 options with an exercise price of $0.56 and, because the exercise was cashless, received 46,818 shares of common stock. The Form 4 reports 46,818 shares beneficially owned following the transaction, held in a direct ownership form. The filing indicates this was reported on a Form 4 by one reporting person and lists Melton’s address at Tron Inc.’s Winter Park, FL mailing address. The filing includes an explanatory note that the options were issued under the 2024 plan and the cashless exercise produced the stated share issuance.

Douglas O. McKinnon, Chief Financial Officer of Tron Inc. (TRON), reported insider transactions on Form 4 executed 08/15/2025. The filing shows a purchase of 200,000 shares of common stock at $0.56 per share and the grant/acquisition of 200,000 stock options with a $0.56 exercise price. After the transactions, Mr. McKinnon beneficially owns 516,388 shares of common stock directly and holds derivative rights covering 175,000 shares. The options were issued under the Company’s 2024 Equity Incentive Plan. The Form 4 is signed and dated 08/18/2025.

Tron Inc. filed a Form 8-K reporting the furnishing of a press release dated August 11, 2025. The filing identifies Tron Inc. as a Nevada corporation (Commission File No. 001-41768; EIN 32-0686534) with principal executive offices at 941 W. Morse Blvd., Suite 100, Winter Park, FL 32789 and telephone (407) 230-8100. The company’s common stock trades under the symbol TRON on The Nasdaq Capital Market.

The filing states the press release is furnished as Exhibit 99.1 and that an interactive cover page iXBRL file is provided as Exhibit 104. The emergent growth company checkbox is marked. The report is signed by Richard Miller, Chief Executive Officer, dated August 11, 2025. The 8-K itself does not include the text of the press release in the body of the filing provided here.

Tron Inc. (formerly SRM Entertainment) reports results for the period ended June 30, 2025 and completed a strategic pivot to a TRX-focused treasury strategy. The company received 365,096,845 TRX tokens on June 28, 2025 in exchange for issuing 100,000 Series B Preferred shares and warrants, and recorded a fair-value digital asset carrying amount of $102,198,840 including an unrealized gain of $2,154,071 and unrealized staking income of $44,769. For the six months ended June 30, 2025 the toy business generated $2,432,563 in revenue with gross profit of $558,738 while consolidated operating expenses were $1,950,316 producing an operating loss of $1,391,578. Other income from digital assets turned consolidated net income to $821,269 for six months and net income of $1,467,855 for the quarter. Cash rose to $5,298,142 from $1,352,373 driven by the PIPE proceeds and financing activity. Total assets increased to $112,196,561 and shareholders' equity to $111,444,985. The company changed its name and Nasdaq symbol to Tron Inc. / TRON effective July 17, 2025 and completed charter amendments; subsequent events include exercise of warrants raising $3,690,700 and an S-3 registration for up to $1.0 billion in securities offerings.

Tron Inc. (Nasdaq: TRON) has filed a Form S-3 shelf registration permitting up to $1.0 billion of common or preferred stock, debt, warrants, rights and/or units to be issued from time to time under Rule 415. The company, formerly SRM Entertainment, is now eligible to use Form S-3 without the I.B.6 size limits and last traded at $8.74 on 24 Jul 2025.

Management is pivoting toward a blockchain-integrated treasury strategy. Tron currently holds 365,096,845 TRX tokens and plans to accumulate more, funding purchases with excess cash or additional equity and debt financings.

Recent capital raises: (1) June 2025 PIPE—$100 million paid in TRX tokens for 100,000 Series B preferred shares (convertible into 200 million common shares) plus 220 million two-year warrants at $0.50; investor Weike Sun also gained board control. (2) May 2025 PIPE—$5 million for 5,000 Series A preferred shares (convertible into 8.93 million shares) and 8.93 million two-year warrants at $0.65.

Governance updates include three director appointments (Sun, Liu, Yang) and executive employment amendments limiting toy-segment bonuses. The company also adopted the name and ticker change to “Tron Inc.” and “TRON” effective 17 Jul 2025.

Key risks highlighted include substantial potential dilution, majority influence of the Series B investor, high volatility and regulatory uncertainty surrounding TRX tokens, and cyclical/operational risks in the legacy toy & souvenir segment.