SRM Entertainment Becomes TRX Treasury Firm Tron Inc With $100M Investment
SRM Entertainment will launch a Tron corporate treasury of up to $210 million and rebrand as Tron Inc. The company has entered a $100 million equity investment agreement with a private investor to fund its treasury strategy. Justin Sun, founder of Tron, will join as an adviser. SRM will issue 100,000 shares of Series B convertible preferred stock, convertible into 200 million common shares at $0.50 each, along with 220 million warrants at the same price. The strategic investment is valued at $210 million upon full warrant exercise. Tron Inc. plans to implement a dividend policy and a TRX staking program. The announcement follows Tether minting $1 billion in USDT on the Tron network. The SEC and Sun are in settlement talks regarding regulatory issues, with Sun owning a significant share of Trump’s official memecoin.
