Entertainment company SRM signs $100 million equity financing agreement to launch TRX token reserve strategy

According to Globenewswire, entertainment company SRM Entertainment, Inc. (NASDAQ: SRM) announced that it has signed a securities purchase agreement ("SPA") with a private investor, which will be in the form of a $100 million equity investment. SRM will use the funds to launch a Tron token (TRX) treasury strategy. In addition, Sun Yuchen, the founder of TRON blockchain, has been appointed as a consultant for the company. In addition, the company plans to rename itself as Tron Inc. With all warrants exercised, the value of this strategic investment will reach $210 million.