SRM Becomes Tron Inc, Purpose Investments Launches XRP ETF
SRM Entertainment, listed on Nasdaq, announced plans to build a $210 million Tron (TRX) treasury and rebrand as Tron Inc. The firm secured a $100 million equity investment through a securities purchase agreement with a private investor to fund this strategy. Tron founder Justin Sun will serve as an adviser to the newly rebranded company.As part of the deal, SRM will issue 100,000 shares of Series B convertible preferred stock. These shares can be converted into 200 million common shares at $0.50 per share, along with 220 million warrants that...