SRM Entertainment, a listed company, will launch a TRX reserve strategy and rename itself as Tron Inc

BlockBeats News: On June 16th, according to Globenewswire, SRM Entertainment, Inc. (NASDAQ: SRM), a toy and souvenir design and development company, announced today that it has signed a Securities Purchase Agreement (SPA) with a private investor, receiving $100 million in equity investment to launch the TRON Token (TRX) reserve strategy. Meanwhile, Justin SUN, the founder of TRON blockchain, has been appointed as a company advisor. According to the terms of the agreement, the company will issue a total of 100000 Series B convertible preferred shares, which can be converted into 200 million ordinary shares at a conversion price of $0.50 per share, accompanied by 220 million warrants at a subscription price of $0.50 per share (collectively referred to as the "Issuance"). In addition, the company plans to change its name to 'Tron Inc'. Dominari Securities LLC serves as the exclusive placement agent for this issuance. The strategic investment will be valued at $210 million upon full exercise of the warrants, enabling SRM to establish a sizable TRON reserve strategy. This transaction aligns with the company's vision of leveraging global trends in blockchain and digital innovation to create long-term value for shareholders. As part of TRON's reserve strategy, the company plans to launch a dividend policy after the successful implementation of the TRX pledge plan.