SRM Entertainment (NASDAQ: SRM) has announced plans to rename itself to Tron Inc, simultaneously implementing a TRX accumulation strategy and receiving a $100 million private equity investment.
According to the announcement, the company has issued 100,000 Class B preferred shares and 220 million Call Options with a conversion price of $0.50 per share. If fully executed, the total potential market value could reach $210 million.
In addition to the renaming, TRON founder – Justin Sun – has also officially become an advisor to Tron Inc, demonstrating direct support from the TRON Foundation. Tron Inc will pursue a strategy of buying and pledging TRX as its core asset, while also promoting the development of a dividend system for shareholders, thereby establishing a mechanism for linking value between TRX and US stocks – a first in TRON's history.
This move is seen as part of TRON's IPO process. As Allinstation has reported, TRON is preparing to conduct a public listing (IPO) through a reverse merger with SRM.
