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The Company Listed on Nasdaq Announced That It Will Raise 100 Million Dollars to Buy from a Surprise Altcoin! They Also Appointed the Founder to the Management!
Toy design and development company SRM Entertainment announced that it will receive a $100 million equity investment to launch its TRON (TRX) coin reserve strategy and that it will change its company name to "Tron Inc.".
According to the press release published by the company, SRM Entertainment signed a securities purchase agreement with a private investor (SPA). Under the agreement, the company will issue 100,000 Series B Convertible Preferred Shares. These shares can be converted into a total of 200 million common shares at a conversion price of $0.50 per share. Additionally, 220 million warrants will be provided to the investor, which can be used at a price of $0.50.
The founder of the TRON blockchain, Justin Sun, was also appointed as an advisor to SRM Entertainment during this process. This investment will reach a total value of 210 million dollars with the full utilization of the warrants and will enable the company to strengthen its TRON coin reserve strategy.
Dominari Securities LLC has taken on the exclusive representation of the investment. With this strategic move, the company aims to create long-term value for its shareholders by leveraging global blockchain and digital innovation trends. As part of the TRON reserve strategy, SRM plans to initiate a dividend distribution policy following the successful implementation of the TRX staking program.
*It is not investment advice.
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