SRM Entertainment, ranked Nasdaq, is expected to launch a tron corporate treasure up to $ 210 million and change its name to Inc. tron, the company announced on Monday.
According to the announcement, SRM has concluded a securities purchase agreement with a private investor for a stock investment of $ 100 million to finance its TreASure Tron (TRX) strategy. The founder of Tron, Justin Sun, will join the company as an advisor.
As part of the Agreement, SRM Entertainment will issue 100,000 convertible Privilege shares in standard B. This actions can be converted into a total of 200 million ordinary shares at a conversion price of $ 0.50 per share and 220 million mandates to acquire up to a total of 220 million ordinary shares at an exercise price of $ 0.50 per share.
“The strategic investment, estimated at $ 210,000,000 during the full financial year, allows SRM to build a substantial strategy of Tron Treasury,” said the company. Dominari Securities, the bank that structured the agreement, would have links with the family of US President Donald Trump. The FT reported that Trump’s son Eric Trump should play a role in the new business.
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Tron Inc. Eyes Eyes Strategy and Dividend
Tron Inc. plans to implement a dividend policy after the implementation of a TRX implementation program with the company’s assets. In the announcement, Justin Sun, founder of Tron, said that blockchains and stablecoins note increasing use of the real world. He added:
“With more than 310 million international user accounts and daily average YTD transactions [year-to-date] Getting 20 billion dollars, Tron strives to be the Protocol of choice for onchain regulations at the service of mass populations in the world. »»
The announcement follows the data in mid-May, showing that Stablecoin Tether’s stable issuer struck $ 1 billion of USDT tokens on the TRON network, pushing its USDT supply authorized beyond that of Ethereum.
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American regulators bury the ax
Development is involved in the midst of a regulatory thaw between the Securities and Exchange commission and the United States sun. In a modified pursuit against Sun, the SEC said that the founder of Tron had “traveled a lot” throughout the country, giving him his competence.
At the end of February, the SEC and the Sun asked a federal court to suspend the regulator’s file against Sun to facilitate the settlement talks. In April, he revealed that he owned the portfolio that bought the largest official Trump’s official share, qualifying him for a dinner and a reception with the American president.
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