TRON Files $1B Mixed Securities Offering Amid $100M PIPE Shakeup

• TRON aiming for capital flexibility with $1 billion shelf registration.
• Filing following transformative $100M PIPE deal and leadership shifts.

TRON filed a Form S-3 registration statement with the U.S. Securities and Exchange Commission (SEC) to offer up to $1 billion in mixed securities, according to reports from Cryptopolitan, CryptoDnes.bg, and BeInCrypto on July 28, 2025. The filing enables TRON to issue various securities, including common stock, preferred stock, warrants, debt securities, and unit offerings. This strategic move positions the company to raise capital gradually, adapting to evolving market conditions.

The registration does not specify dates or plans for any immediate offerings. However, the mixed securities shelf offering highlights TRON's intention to strategically prepare for potential future fundraising opportunities.

This filing follows a $100 million private investment in public equity (PIPE) deal completed on June 16, 2025. TRON sold 100,000 shares of Series B-1 Preferred Stock, convertible into 200 million common shares priced at $0.50 per share. The deal also included 220 million warrants exercisable at the same conversion price. The investor, BiT Global Trust Limited, paid using USDT (Tether) tokens. These tokens are now held in a custodial wallet.

The PIPE agreement introduced a 19.99% voting and conversion cap until the company secures shareholder approval. TRON Senior Advisor Zhihong Liu characterized this restriction as providing "leverage without crossing control thresholds." He explained this helps the company adhere to regulatory guidelines on voting and ownership limits.

At the same time, the June deal coincided with major internal transitions at TRON. Weike Sun, father of TRON's founder Justin Sun, assumed the role of Chairman of the Board. Justin Sun transitioned to an advisory capacity within the company. Additionally, the board welcomed new directors, including Zi Yang, a Tronscan operations lead.

To accommodate the PIPE financing, the company adjusted executive contracts. CEO Richard Miller and CFO Douglas McKinnon amended their agreements, forfeiting any resignation or separation payouts tied to the transaction. The company also revised their performance bonuses to focus exclusively on TRON's non-crypto business ventures. McKinnon vacated his position on the board but continues to serve as CFO.

Earlier, on May 21, 2025, TRON raised $5 million by selling 5,000 Series A Preferred Shares. Dominari Securities acted as the placement agent for the May offering. These coordinated financing efforts underscore TRON's consistent corporate strategy.

According to the latest market data, as of July 28, 2025, 17:09 UTC, TRON (TRX) is trading at $0.124. This marks a 1.41% increase in its price over the past 24 hours.