The newly signed securities purchase agreement will see SRM Entertainment deploy the TRON Treasury Strategy—a program designed to deeply integrate TRX cryptocurrency into the company's financial operations.
As part of the deal, SRM Entertainment will issue 100,000 Series B preferred shares, convertible into 200 million common shares at $0.50 per share, along with 220 million warrants at the same strike price.
Justin Sun, founder of TRON, has been officially appointed as an advisor to SRM Entertainment—cementing the company’s entry into the Web3 and digital asset space.
"Stablecoins and blockchain are revolutionizing global payments—making them faster, cheaper, and more transparent. With over 310 million users and daily transactions surpassing $20 billion, TRON is committed to becoming the world’s leading protocol for on-chain settlements," commented Justin Sun.
The company also announced plans to rebrand as Tron Inc. following completion of the deal and implementation of strategic initiatives. The introduction of a TRX token staking program will lay the groundwork for a dividend policy aimed at delivering long-term value to shareholders.
"Today, TRON leads the international settlement landscape in US dollar-denominated stablecoins. We are excited to invest in the future of next-generation financial infrastructure," said SRM Entertainment CEO Rich Miller.
Dominari Securities LLC served as placement agent for the transaction.
Recall that TRON is preparing for a listing on Nasdaq.