#TRONICS!🔥🔥
✍️📢Nasdaq-listed Company Announces Plans to Raise $100 Million to Purchase Surprise Altcoin – Founder Joins Executive Team👇
Toy design and development company SRM Entertainment announced that it will raise $100 million in equity to launch its 👑TRON (TRX) coin reserve strategy and will change its company name to “Tron Inc.”
According to a press release issued by the company, SRM Entertainment has signed a securities purchase agreement (SPA) with a private investor. Under the agreement, the company will issue 100,000 Series B Convertible Preferred Shares. These shares will be convertible into a total of 200 million common shares at a conversion price of $0.50 per share. In addition, the investor will be provided with 220 million warrants, which can be exercised at a price of $0.50
Justin Sun, founder of the 👑TRON blockchain, has also been appointed as an advisor to SRM Entertainment. This investment will reach a total value of $210 million once the warrants are fully exercised and will allow the company to strengthen its 👑TRON coin reserve strategy.
The investment was exclusively represented by Dominari Securities LLC. With this strategic step, the company aims to create long-term value for its shareholders by taking advantage of global blockchain and digital innovation trends. As part of the 👑TRON reserve strategy, SRM plans to launch a dividend distribution policy after the successful implementation of the TRX staking program.
*This is not investment advice.🎤📢