Tron Stock Drops 4% to New Low After Filing $200M Offering

Tron (TRON) filed for a $200 million at-the-market offering, with Clear Street acting as agent for a commission of up to 3%. The stock fell about 4% to a new 52-week low of $1.115, down roughly 67% over 12 months. Tron holds 718.9 million TRX tokens worth about $237 million.