Add as a preferred source on GoogleTron Inc. Shares Hover 15 Cents Above Nasdaq's $1 Listing Threshold
A close below $1 for 30 consecutive trading days starts a 180-day compliance period. Tron Inc. also entered an agreement with Clear Street to broker share sales to its clients.
Tron Inc. shares hovered about 15 cents above Nasdaq's $1 minimum bid threshold on Oct. 19, leaving the crypto treasury company near a level that can trigger a listing compliance process.
The stock remains 50% below its highest point so far this year.
If the stock closes below $1 for 30 consecutive trading days, Nasdaq starts a 180-day compliance period for the company. It can become eligible for delisting after that period.
A reverse split could temporarily lift the share price above the $1 mark.
Tron Inc. buys, holds and stakes TRON (TRX), while also purchasing older intellectual property and selling toys and accessories.
TRX holdings exceed $250 million in value, while Tron Inc.'s market capitalization tops $500 million.
Tron Inc. recently entered into an agreement with Clear Street to broker share sales to the firm's clients.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.