SRM Entertainment has successfully secured $100 million in equity financing to launch a TRON (TRX) token reserve strategy. The funding will support the company’s strategic pivot towards blockchain innovation.
TRON founder Justin Sun has been appointed as an advisor to SRM Entertainment. His involvement is expected to guide the company’s blockchain initiatives.
The financing structure includes 100,000 Series B convertible preferred shares and 220 million warrants. If fully exercised, the total investment value could reach $210 million.
As part of its new strategic direction, SRM Entertainment intends to rebrand itself as Tron Inc. The company also plans to implement a TRX staking program and establish a dividend policy for shareholders.
Dominari Securities LLC served as the exclusive placement agent for this significant transaction.