A Securities and Exchange Commission (SEC) Filing Monday Night Tron underlines the relationship between Dow, Justin Sun, and SRM Entertainment, in the process of changing its name to Tron Inc.
The filing details are a private investment of $ 100 million in the Public Equity (Pipe) deal, which has been completely paid in TRX
The token, which gives the Sun’s father, Vaik Sun, Board Control and positions Tron-based advisors in major governance roles.
Waiyk was named Chairman, while Jhihong Liu, also known as Steve Liu, was included in Tron Dow’s strategic advisor and Stabeline issuing CEO, and a senior executive of Tronescan, a senior executive of Tronoscan, attended, the audits of the board, compensation and names and names.
The deal was structured as a private investment in the public equity (pipe) deal. An investment vehicle owned by Weike bought 100,000 shares of SRM Series B via TRX tokens, which is convertible to 200 million common shares, and received 220 million warrants at a strike price of $ 0.50.
Despite the presence of alignment, Tron DO has no direct investment, governance rights or formal role in the SRM deal, Liu said. “Tron DO is actually no part of the deal for SRM. This is more than the transaction of senior suns.”
Dao is not mentioned in 8K filing. Its effect seems indirect, which is reflected through the background of the newly appointed board members tied to the Tron Ecosystem.
As financial TimesThe nominee firm planned to buy and keep TRX worth $ 210 million, similarly how the microstrate manufactured bitcoin-based corporate treasury.
The deal was arranged by a brokerage dominant securities affiliated to dominant holdings, whose advisory boards include Donald Trump Junior and Eric Trump and located within the Trump Tower in Manhattan.
According to the 8K filing, $ 50,000 was paid to the dominant securities for the lawyer for the transaction.
SRM, listed Tron unit, is 15%below, trading at $ 7.73 due to market closure in New York.
The token is below 2.5%, trading at $ 0.27.
