SRM Entertainment, Inc. (NASDAQ: SRM) has finalized a significant equity financing round, securing $100 million through a Securities Purchase Agreement with a private investor to support the launch of a TRON token (TRX) reserve strategy. This strategic move coincides with the appointment of TRON founder Justin Sun as an advisor, reinforcing the company’s commitment to blockchain innovation. The agreement includes the issuance of 100,000 Series B convertible preferred shares, convertible into 200 million common shares at $0.50 each, alongside 220 million warrants exercisable at the same price, collectively enhancing the company’s capital structure.
Dominari Securities LLC acted as the exclusive placement agent for this transaction, which upon full warrant exercise, could elevate the investment value to $210 million. SRM Entertainment plans to rebrand as Tron Inc., aligning its corporate identity with its blockchain-focused strategy. The company aims to capitalize on the growing digital asset ecosystem by implementing a TRX staking program and introducing a dividend policy, designed to deliver sustainable shareholder value through innovative crypto asset management.