TRONTron Inc.
Deals with insiders in the proxy filed 2025-11-26
Deals between TRON and its directors, executives, owners of more than 5% or their families: a relative on the payroll, a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement.
New this year
Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2024-11-20.
Certain Relationships and Related Party Transactions“Since the beginning of fiscal year 2024, the Company did not have any transactions to which it has been a participant that involved amounts that exceeded or will exceed the lesser of (i) $120,000 or (ii) one percent of the average of the Company’s total assets at year-end for the last two completed fiscal years, and in which any of the Company’s directors, executive officers or any other “related person” as defined in Item 404(a) of Regulation S-K had or will have a direct or indirect material interest, except as described below On June 16, 2025, Mr. Weike Sun, through an entity of which he is the sole shareholder, Bravemorning Limited (“ Bravemorning ”), purchased 100,000 shares of Series B Convertible Preferred Stock, par value $0.0001 per share (the “ Series B Preferred Stock ”), convertible into 200,000,000 shares of common stock, par value $0.0001 (the “ Common Stock ”), at a conversion price of $0.50 per share of Common Stock, and warrants (the “ PIPE Warrants ”) to acquire up to 220,000,000 shares of Common Stock. In connection with this investment, Mr. Sun was appointed as Chairman of the Board of Directors.”
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Certain Relationships and Related Party Transactions“Furthermore, on August 27, 2025, Bravemorning exercised the PIPE Warrants in full and, on August 29, 2025, the Company issued 220,000,000 shares of Common Stock to Bravemorning. Bravemorning paid $110,000,000 to the Company in the form of 312,500,100 TRX as consideration for the issuance of these Common Stock shares.”
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The whole section
4 paragraphs quoted as filed
Certain Relationships and Related Party Transactions“The Company has established policies and other procedures regarding approval of transactions between the Company and any employee, officer, director, and certain of their family members and other related persons. These policies and procedures are generally not in writing but are evidenced by long standing principles adhered to by our Board. The disinterested members of the Board review, approve and ratify transactions that involve “related persons” and potential conflicts of interest. Related persons must disclose to the disinterested members of the Board any potential related person transactions and must disclose all material facts with respect to such transaction. All such transactions will be reviewed by the disinterested members of the Board and, in their discretion, approved or ratified. In determining whether to approve or ratify a related person transaction the disinterested members of the Board will consider the relevant facts and circumstances of the transaction, which may include factors such as the relationship of the related person with the Company, the materiality or significance of the transaction to the Company and the related person, the business purpose and reasonableness of the transaction, whether the transaction is comparable to a transaction that could be available to the Company on an arms-length basis, and the impact of the transaction on the Company’s business and operations.”
Read it in the proxy ↗
Certain Relationships and Related Party Transactions“Since the beginning of fiscal year 2024, the Company did not have any transactions to which it has been a participant that involved amounts that exceeded or will exceed the lesser of (i) $120,000 or (ii) one percent of the average of the Company’s total assets at year-end for the last two completed fiscal years, and in which any of the Company’s directors, executive officers or any other “related person” as defined in Item 404(a) of Regulation S-K had or will have a direct or indirect material interest, except as described below On June 16, 2025, Mr. Weike Sun, through an entity of which he is the sole shareholder, Bravemorning Limited (“ Bravemorning ”), purchased 100,000 shares of Series B Convertible Preferred Stock, par value $0.0001 per share (the “ Series B Preferred Stock ”), convertible into 200,000,000 shares of common stock, par value $0.0001 (the “ Common Stock ”), at a conversion price of $0.50 per share of Common Stock, and warrants (the “ PIPE Warrants ”) to acquire up to 220,000,000 shares of Common Stock. In connection with this investment, Mr. Sun was appointed as Chairman of the Board of Directors.”
Read it in the proxy ↗
Certain Relationships and Related Party Transactions“Furthermore, on August 27, 2025, Bravemorning exercised the PIPE Warrants in full and, on August 29, 2025, the Company issued 220,000,000 shares of Common Stock to Bravemorning. Bravemorning paid $110,000,000 to the Company in the form of 312,500,100 TRX as consideration for the issuance of these Common Stock shares.”
Read it in the proxy ↗
Clawback Policy“We have adopted a compensation recovery (clawback) policy that states that, in the event we are required to prepare an accounting restatement, we will recover incentive-based compensation received by any current or former executive officer that was based upon the attainment of a financial reporting measure that was erroneously awarded during the three-year period preceding the date the restatement was required. The compensation recovery policy is available on our corporate website at https://corporate.srmentertainment.com/corporate-governance.”
Read it in the proxy ↗
Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not. A deal reported again with a new amount is not new. Always check the filing. Open the proxy ↗ · Last year's proxy ↗