$10.300
+5.487 (+53.27%)At close
SRM News
SRM Events
SRM Entertainment rebrands to Tron Inc.
SRM Entertainment has changed its corporate name to Tron Inc., to align with its major transformation into a TRON treasury strategy company. In addition to the name change, the Company will change its ticker to the symbol "TRON" on the Nasdaq Capital Market, effective July 17, 2025. After the name and ticker change, the Company's CUSIP number of 85237B101 will remain the same. Since announcing its Tron treasury strategy, the Company's share price has risen significantly reflecting investor confidence in Tron protocol as the dominant layer-1 for USDT stablecoin. The Company is the largest publicly traded corporate holder of TRX in the world, currently holding more than 365 million TRX tokens.
SRM Entertainment completes $100M TRON treasury launch
SRM Entertainment announced the staking of its treasury holdings of 365,096,845 TRON tokens through JustLend which enhances TRX staking yield to up to 10% per annum by combining standard staking reward and energy renting. This move follows its closing of a $100,000,000 investment earlier this month to launch a TRON treasury strategy. The Company is focused on creating long-term value for shareholders by capitalizing on the global adoption of cryptocurrency, blockchain and digital innovation. SRM recently appointed Weike Sun as Chairman of its Board of Directors and entered into agreement with TRON Blockchain Founder Justin Sun, who has joined its strategic advisory board. To further leverage the substantial TRX Treasury holdings, SRM plans to implement a dividend policy. The Company plans a name change to TRON Inc. to better reflect its new strategy.
Dominari Holdings serves as exclusive placement agent to SRM Entertainment
Dominari Holdings' (DOMH) wholly owned subsidiary, Dominari Securities, served as the exclusive placement agent, successfully leading the placement of a $100M equity investment for SRM Entertainment (SRM). The transaction, which included the issuance of 100,000 shares of Series B Convertible Preferred Stock and 220 million warrants, represents a total potential investment of $210M upon full warrant exercise. As part of the deal, Justin Sun, founder of the TRON blockchain, will join SRM as an advisor. TRON is the native cryptocurrency of the TRON blockchain, founded by Justin Sun in 2017.
SRM launches TRON treasury strategy with $100M equity investment
SRM Entertainment announced that it has entered into a Securities Purchase Agreement with a private investor for a $100,000,000 equity investment that will be used by SRM to initiate a TRON Token Treasury Strategy. Along with the strategic investment - Justin Sun, founder of TRON blockchain, has been named as an advisor to the Company. Pursuant to the terms and conditions of the SPA, the Company will issue an aggregate of 100,000 shares of its Series B Convertible Preferred Stock, convertible into a total of 200 million shares of common stock at a conversion price of $0.50 per share, and 220 million warrants, to acquire up to an aggregate of 220 million shares of common stock at an exercise price of $0.50 per share. In addition, the Company plans to change its name to Tron Inc. "As blockchain technology gains wider adoption globally, TRON has become the industry leader for cross border settlement in US dollar stablecoin. We are excited to invest into the future of the world's next generation financial infrastructure," said Rich Miller, Chief Executive Officer of SRM.
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.