Entertainment Company SRM Signs $100 Million Equity Financing Agreement and Launches TRX Token Reserve Strategy
Entertainment company SRM Entertainment, Inc. (NASDAQ: SRM) announced that it has signed a Securities Purchase Agreement (“SPA”) with a private investor. Under the agreement, SRM will receive a $100 million equity investment, which will be used to launch a TRON (TRX) token treasury strategy. In addition, TRON blockchain founder Justin Sun has been appointed as an advisor to the company. The company also plans to change its name to Tron Inc. If all warrants are exercised, the total value of this strategic investment will reach $210 million.
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