SRM Entertainment shares continue to surge past $9, soaring over 500%

According to ChainCatcher, driven by the news that "SRM Entertainment receives $100 million investment from Tron and plans to rename itself Tron Inc," SRM Entertainment (SRM) shares have continued to surge, currently trading at $9.38, up 546.91%.

Earlier reports indicated that SRM plans to change its name to Tron Inc and has signed a $100 million equity financing agreement, initiating a TRX treasury strategy. Tron is expected to go public through a reverse merger with SRM Entertainment. The deal is being managed by boutique investment bank Dominari Securities, headquartered in New York and linked to Donald Trump Jr. and Eric Trump. The strategy mirrors that of Strategy (formerly MicroStrategy), involving the purchase and holding of Tron tokens (TRX).