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

Odaily News Entertainment company SRM Entertainment, Inc. announced that it has signed a securities purchase agreement ("SPA") with a private investor to raise $100 million. SRM will use this money to launch the TRON token (TRX) treasury strategy. In addition, Sun Yuchen, founder of the TRON blockchain, has been appointed as a consultant to the company. The company also plans to change its name to Tron Inc. It is reported that if all warrants are exercised, the value of this strategic investment will reach $210 million. (Globenewswire)