On June 16, 2025, Nasdaq – listed SRM Entertainment announced plans to launch a Tron corporate treasury of up to $210 million and change its name to Tron Inc. Here are the details:
Funding and Equity Issuance: SRM entered a securities purchase agreement with a private investor for a $100 million equity investment to fund its Tron (TRX) treasury strategy. As part of the deal, SRM will issue 100,000 shares of its Series B convertible preferred stock, which can be converted into 200 million shares of common stock at $0.50 per share, and 220 million warrants to acquire up to 220 million shares of common stock at $0.50 per share. The strategic investment will be valued at $210 million upon full exercise of the warrants.
Adviser Appointment: Tron founder Justin Sun will join the company as an adviser.
Future Plans: Tron Inc. plans to implement a dividend policy after implementing a TRX staking program with company assets.
This move comes amid a regulatory thaw between the US Securities and Exchange Commission and Tron founder Justin Sun. The deal – structuring bank, Dominari Securities, reportedly has ties to the family of US President Donald Trump, and Trump’s son, Eric Trump, is expected to take a role at the newly rebranded firm.
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