Entertainment company SRM signs $100 million equity financing agreement to launch TRX reserve strategy
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News: SRM Entertainment, Inc. announced that it has signed a Securities Purchase Agreement ("SPA") with a private investor to raise $100 million. SRM will use these funds to initiate a TRON token (TRX) treasury strategy. Additionally, Justin Sun, the founder of TRON blockchain, has been appointed as a company advisor. The company also plans to rename itself to Tron Inc. It is reported that if all warrants are exercised, the value of this strategic investment will reach $210 million. (Globenewswire)
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