According to Gate News bot, as reported by Investing, the Nasdaq-listed company SRM has made board personnel adjustments after securing a $100 million equity investment and launching a TRX reserve strategy. Three original board members announced their resignation, and Weike Sun has been appointed as the chairman of the board, while Zhihong Liu and Zi Yang have been appointed as board members. Public information shows that Weike Sun graduated from Qinghai Normal University and previously held senior management and advisory roles at several fintech companies, including Ruibo (Beijing) Technology Co., Ltd.

Odaily News The US stock market shows that the stock price of SRM Entertainment (SRM) has risen significantly due to the news that "SRM Entertainment receives a $100 million investment from Tron and plans to rename itself as Tron Inc". The current price is reported at $4.6, with an increase of 217.3%.

BlockBeats news, on June 16, SRM Entertainment rose by 194.48% in pre-market trading, with a market capitalization of 25 million USD. Previously, TRON announced that it would achieve listing through a reverse merger with SRM Entertainment, which is listed on Nasdaq.

SRM Entertainment, Inc. (NASDAQ: SRM), a toy and souvenir design and development company, announced today that it has entered into a securities purchase agreement (SPA) with a private investor to receive a $100 million equity investment to launch its TRON Token (TRX) reserve strategy, Globenewswire reported on June 16. At the same time, TRON blockchain founder Justin SUN was appointed as the company's advisor. Under the terms of the agreement, the Company will issue an aggregate of 100,000 Series B convertible preferred shares, which may be converted into 200,000,000 shares of common stock at a conversion price of $0.50 per share, accompanied by 220,000,000 warrants, also at a subscription price of $0.50 per share (collectively, the "Books.").