Golden Finance News: Entertainment company SRM Entertainment, Inc. (NASDAQ stock code: SRM) is making efforts simultaneously in the capital market and the cryptocurrency field, announcing a significant partnership with a private investor. Both parties have signed a securities purchase agreement (” SPA “), and the investor will inject 100 million US dollars of equity investment into SRM. This fund will help SRM launch the Tron Token (TRX) Treasury strategy and initiate the company’s new layout in the field of crypto assets.
As an important part of this collaboration, Sun Yuchen, the founder of TRON Blockchain, has been invited to serve as an advisor to the company. Sun Yuchen has considerable influence in the blockchain industry, and his rich experience is expected to provide strong guidance for SRM’s advancement in TRX-related businesses.
Furthermore, SRM also disclosed a major plan. The company intends to be renamed Tron Inc. This name change indicates that SRM will deeply integrate into the Tron ecosystem and strengthen its brand image in the blockchain and cryptocurrency fields. According to the agreement, SRM will issue 100,000 Series B convertible preferred shares, which can be exchanged for 200 million common shares at a conversion price of $0.5 per share. Meanwhile, 220 million warrants were issued, with the exercise price also at $0.5 per share. After the exercise, 220 million ordinary shares could be purchased. If all the warrants are exercised, the value of this strategic investment will soar to 210 million US dollars, providing sufficient financial support for the company’s subsequent development.
SRM Entertainment originally focused on designing, developing and manufacturing custom products for large-scale theme parks and other entertainment venues worldwide, and has accumulated certain resources in the traditional entertainment industry. This foray into the cryptocurrency field, with the help of the TRX Treasury strategy, is expected to open up new revenue growth points. The market responded enthusiastically to SRM’s move. After the news was announced, the company’s stock price fluctuated significantly for a while, which fully demonstrated the high attention of investors to its new strategy. With the addition of Sun Yuchen and the advancement of the name change plan, SRM’s future moves in the integrated development of blockchain and the entertainment industry are worth continuous attention.
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