ner Growth Acquisition 2(TRON)

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Tron Inc. Announces Ticker Symbol Change to “TRON” on Nasdaq
Globenewswire· 2025-07-17 12:30
Winter Park, Florida, July 17, 2025 (GLOBE NEWSWIRE) -- Tron Inc. (Nasdaq: TRON) (“Tron” or the “Company”) today announced the official change of its Nasdaq ticker symbol from “SRM” to “TRON”, effective July 17, 2025. The Company’s CUSIP number (85237B101) will remain unchanged. This move reflects the Company’s broader strategic transformation and its commitment to aligning more closely with the Tron blockchain ecosystem, following the launch of its Tron-focused treasury strategy. “The Company’s ticker chan ...
ner Growth Acquisition 2(TRON) - 2025 Q1 - Quarterly Report
2025-07-16 18:14
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File Number: 001-40510 Corner Growth Acquisition Corp. 2 (Exact name of registrant as specified in its charter) Cayman Islands 98-1582 ...
ner Growth Acquisition 2(TRON) - 2024 Q4 - Annual Report
2025-07-08 19:55
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2024 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ___________ to ____________ Commission File Number 001-40510 CORNER GROWTH ACQUISITION CORP. 2 (Exact name of registrant as specified in its charter) Cayman Islands 98-1582723 ( ...
ner Growth Acquisition 2(TRON) - 2024 Q2 - Quarterly Report
2024-08-14 21:02
IPO and Tender Offer - The Company completed its Initial Public Offering on June 21, 2021, raising gross proceeds of $185 million from the sale of 18,500,000 units at $10.00 per unit[109]. - A total of 4,101,830 Class A ordinary shares were validly tendered in the 2022 Tender Offer, with an aggregate purchase price of $41,879,684 at $10.21 per share[112]. - Following the 2022 Tender Offer, 3,304,435 Class A ordinary shares remained outstanding, with 1,860,214 shares subject to possible redemption[115]. - The Company redeemed 1,407,653 Class A ordinary shares in March 2024, resulting in total redemption payments of $16,309,778, or approximately $11.59 per share[118]. Business Combination and Compliance - The Company extended the deadline for consummating a business combination from March 21, 2023, to March 21, 2024, as approved by shareholders[114]. - The Company is required to complete a business combination by December 31, 2024, or face liquidation and redemption of public shares[123]. - The Company received a notice from Nasdaq regarding non-compliance with the minimum 500,000 publicly held shares requirement, with a deadline to submit a compliance plan by June 24, 2024[120]. Financial Position and Performance - As of June 30, 2024, the Company reported a working capital deficit of $4,603,960 and only $18,433 in its operating bank account[124]. - As of June 30, 2024, the Company had cash and marketable securities held in the Trust Account of $5,316,054, down from $21,200,364 as of December 31, 2023, primarily due to redemption payments to shareholders[128]. - For the three months ended June 30, 2024, the Company reported a net income of $69,448, compared to a net loss of $726,763 for the same period in 2023[129][130]. - The net loss for the six months ended June 30, 2024, was $278,302, significantly improved from a net loss of $1,765,571 for the same period in 2023[130]. - The Company is indebted to the Sponsor and its affiliates for $1,643,708 as of June 30, 2024, representing operating and formation costs paid on behalf of the Company[137]. - The Company has not generated any operating revenues until the completion of an initial Business Combination[129]. Going Concern and Financial Doubts - Management has raised substantial doubt about the Company's ability to continue as a going concern for one year from the issuance of the financial statements due to negative financial trends and working capital deficiency[127]. - The Company had $18,433 held outside the Trust Account as of June 30, 2024, used to fund operating expenses[129]. Sponsor and Loans - The Sponsor has agreed to provide Working Capital Loans, which may be convertible into warrants of the post-Business Combination entity at a price of $1.50 per warrant, but no such loans were outstanding as of June 30, 2024[135]. Administrative and Underwriting Fees - The Company incurred $480,000 in administrative service fees, with no expenses recognized since June 21, 2022[136]. - The underwriters of the Initial Public Offering are entitled to a total underwriting discount of $3,700,000, with an additional deferred fee of $6,475,000 payable upon completion of a Business Combination[139]. Regulatory Exemptions - The company is evaluating the benefits of reduced reporting requirements under the JOBS Act as an "emerging growth company" for a period of five years post-IPO[145]. - The company may not be required to provide an auditor's attestation report on internal controls over financial reporting under Section 404 of the Sarbanes-Oxley Act[145]. - The company is exempt from certain compensation disclosures required of non-emerging growth public companies under the Dodd-Frank Act[145]. - The company is not required to comply with potential Public Company Accounting Oversight Board requirements regarding mandatory audit firm rotation[145]. - The company is classified as a smaller reporting company and is not required to provide additional market risk disclosures[146].
ner Growth Acquisition 2(TRON) - 2024 Q1 - Quarterly Report
2024-05-14 22:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to CORNER GROWTH ACQUISITION CORP. 2 (Exact name of registrant as specified in its charter) Cayman Islands 001-40510 98-1582723 (State or ot ...
ner Growth Acquisition 2(TRON) - 2023 Q4 - Annual Report
2024-04-01 21:28
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 CORNER GROWTH ACQUISITION CORP. 2 (Exact name of registrant as specified in its charter) Cayman Islands 001-40510 98-1582723 (State or other jurisdiction of incorporation or organ ...
ner Growth Acquisition 2(TRON) - 2023 Q3 - Quarterly Report
2023-11-13 21:57
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to CORNER GROWTH ACQUISITION CORP. 2 (Exact name of registrant as specified in its charter) Cayman Islands 001-40510 98-1582723 (State o ...
ner Growth Acquisition 2(TRON) - 2023 Q2 - Quarterly Report
2023-08-14 20:51
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to CORNER GROWTH ACQUISITION CORP. 2 (Exact name of registrant as specified in its charter) Cayman Islands 001-40510 98-1582723 (State or oth ...
ner Growth Acquisition 2(TRON) - 2023 Q1 - Quarterly Report
2023-05-15 21:17
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to CORNER GROWTH ACQUISITION CORP. 2 (Exact name of registrant as specified in its charter) Cayman Islands 001-40510 98-1582723 (State or ot ...
ner Growth Acquisition 2(TRON) - 2022 Q4 - Annual Report
2023-04-03 22:05
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 CORNER GROWTH ACQUISITION CORP. 2 (Exact name of registrant as specified in its charter) Cayman Islands 001-40510 98-1582723 (State or other jurisdiction of incorporation or organ ...