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SRM Entertainment to Rebrand as Tron Inc. After $100M TRX Treasury Investment

  • SRM Entertainment, a Nasdaq-listed company, will rebrand as Tron Inc. following a $100M equity investment for a TRX treasury strategy.
  • Justin Sun, founder of TRON, becomes an advisor for Tron Inc. and supports TRX staking and dividend programs.
  • TRX price surged by nearly 7% after SRM announced a $210M warrant-backed treasury deal.
  • The agreement includes issuing 100,000 shares of Series B convertible preferred stock and 220 million warrants to be exercised at $0.50 per share.
  • Dominari Securities LLC is the exclusive placement agent for the $100M investment in TRX treasury strategy.
  • Tron Inc. plans to use the investment to establish a substantial TRON treasury and implement a staking program.
  • By implementing staking, Tron Inc. aims to generate returns for the company and shareholders, followed by implementing a dividend policy.
  • Justin Sun emphasizes the increased use of stablecoins and blockchain technology in global payments, aiming for TRON to become the primary protocol for on-chain settlement globally.
  • TRON, founded in 2017, boasts low fees, rapid transactions, smart contracts, and decentralized applications, challenging major blockchains like Bitcoin and Ethereum.
  • TRON hosts around $78.7 billion in US dollar stablecoins, showcasing a strong position in the market.
  • The positive news of the collaboration between SRM and TRON resulted in a 7% increase in TRX price, trading at about $0.28.

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