AI's Analysis of SRM: According to public information, SRM Entertainment (NASDAQ: SRM) has reached a strategic cooperation with Justin Sun's TRON, planning to list TRON on the NASDAQ through a reverse merger. Specific details are as follows: SRM will issue 100,000 Series B convertible preferred shares with a conversion price of $0.50 per share, which can be converted into a total of 200 million common shares. Simultaneously, SRM will also issue 220 million warrants with an exercise price of $0.50 per share, which can be used to subscribe to a total of 220 million common shares. If all warrants are exercised, SRM will add approximately 420 million new common shares, which is 23.36 times the current circulating shares of about 17.24 million. This means the original shareholders' stake will be diluted to approximately 3.94%, from the current 4% of circulating shares, with the remaining 96% of shares to be occupied by new shares. This strategic investment has a total value of approximately $210 million, primarily used to establish TRON's TRX token treasury strategy. Justin Sun has been appointed as a company advisor, and SRM plans to rename itself as TRON Inc.