Item 5. Market for Registrant’s Common Equity
ITEM
5. MARKET FOR COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES
Our
common stock trades on the Nasdaq Capital Market under the symbol “TRON”. The closing price of our common stock on the Nasdaq
Capital Market on March 18, 2026 was $2.02.
Holders
As
of March 18, 2026, there were 21 shareholders of record. Since certain shares of our common stock are held by brokers and other institutions
on behalf of stockholders, the foregoing number of holders of our common stock is not representative of the number of beneficial holders
of our common stock.
Dividends
We
do not anticipate paying any cash dividends on our common stock in the foreseeable future and we intend to retain all of our earnings,
if any, to finance our growth and operations and to fund the expansion of our business. Payment of any dividends will be made in the
discretion of our Board of Directors, after our taking into account various factors, including our financial condition, operating results,
current and anticipated cash needs and plans for expansion. No dividends may be declared or paid on our shares of common stock, unless
a dividend, payable in the same consideration or manner, is simultaneously declared or paid, as the case may be, on our shares of preferred
stock, if any.
Issuance
of Unregistered Securities
During
the year ended December 31, 2025, the Company issued: (i) 712,133 shares of its common stock valued at $452,748 upon conversion of 712,133
pre-funded warrants; (ii) 25,000 shares of its common stock valued at $16,250 in connection with a Consulting Agreement; (iii) 500,000
shares of its common stock in connection with a Stock Purchase Agreement Gameverse Interactive Corp (“Gameverse”), valued
at $190,500, pursuant to which the Company received 132,000 share of common stock of Gameverse; (iv) 50,000 shares of its common stock
valued at $28,145 in connection with a consulting agreement; (v) 1,270,000 shares of its common stock for the exercise of stock options,
the proceeds from which totaled $696,007; (vi) 18,802 shares and 135,846 shares of its common stock for the cashless exercise of options
and warrants; (vii) 8,928,571 shares of its common stock for the exercise of warrants with proceeds totaling $5,803,571; (viii) 9,518,571
shares of its common stock for the conversion of 5,000 Series A Preferred shares which includes 590,000 shares related to fees associated
with the transaction; (ix) 220,000,000 shares of its common stock for the exercise of warrants for 312,500,100 TRX tokens valued at $110,000,000;
(x) 535,715 shares of its common stock for the exercise of placement warrants for cash totaling $348,215; and (xi) 3,663,798 shares of
its common stock for the cashless exercise of advisory warrants.
These
issuances were made in reliance on an exemption from registration set forth in Section 4(a)(2) of the Securities Act, as transactions
by an issuer not involving a public offering.
Purchases
of Equity Securities by the Issuer and Affiliated Purchasers
There
were no issuer purchases of equity securities during the years ended December 31, 2025.
ITEM
6. RESERVED
Not
applicable to a smaller reporting company.
41
Table of Contents
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.