SRM Entertainment, Inc. announced on June 16, 2025, that it has entered into a Securities Purchase Agreement for a $100,000,000 equity investment. This capital will be used by SRM to initiate a TRON Token ('TRX') Treasury Strategy, marking a significant strategic shift for the company.
As part of this strategic investment, Justin Sun, the founder of the TRON blockchain, has been named as an advisor to SRM. The transaction involves the issuance of 100,000 shares of Series B Convertible Preferred Stock, convertible into 200 million shares of common stock at $0.50 per share, and 220 million warrants to acquire common stock at $0.50 per share.
The total potential investment is valued at $210 million upon full exercise of the warrants. The company also plans to change its name to Tron Inc. to align with its new strategic direction, focusing on capitalizing on the global adoption of blockchain and digital innovation.
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