📍SRM Entertainment (listed on NASDAQ under the symbol SRM.O) announced that it has reached an agreement with the cryptocurrency platform 'Tron' founded by businessman Justin Sun, which includes the purchase of digital tokens and changing the company's name to 'Tron Inc', in addition to Sun joining as an advisor to the company.

📍'SRM' did not specify in its statement the identity of the private investor who will inject an investment of $100 million in equity, which could rise to $210 million if the warrants are activated. However, the Financial Times reported that the funds originate from 'Tron' itself, and that the deal aims to list 'Tron' on the US stock exchange through a reverse merger with SRM.

📍Representatives of 'Tron' and 'SRM' declined to comment on whether the $100 million would indeed come from 'Tron'.

📍The statement also did not clarify the details regarding how 'Tron' would be managed in the future, or whether the deal would lead to changes in its ownership.

📍The deal was organized by Dominari Securities, a small investment bank based in New York, and the parent company Dominari Holdings announced in February that Donald Trump Jr. and Eric Trump, the sons of U.S. President Donald Trump, had joined its board.