SRM Entertainment will rebrand as Tron Inc. and launch a $210 million TRX treasury strategy, with Tron founder Justin Sun joining as adviser.
Nasdaq-listed SRM Entertainment is set to launch a Tron corporate treasury of up to $210 million and change its name to Tron Inc., the company announced on Monday.
According to the announcement, SRM entered a securities purchase agreement with a private investor for a $100 million equity investment to fund its Tron (TRX) treasury strategy. Tron founder Justin Sun will also join the company as an adviser.
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