Entertainment company SRM signs a $100 million equity financing agreement to launch TRX token reserve strategy
Online report, entertainment company SRM Entertainment, Inc. (NASDAQ: SRM) announced that it has signed a securities purchase agreement ("SPA") with a private investor in the form of a $100 million equity investment, which SRM will use to launch the Wave Field Token (TRX) treasury strategy. In addition, Sun Yuchen, founder of the wavefield blockchain, has been appointed as a consultant to the company. In addition, the company plans to change its name to Tron Inc. With all warrants exercised, the value of this strategic investment will reach US$210 million.
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