The company announced on Monday that the SRM Entertainment company is scheduled to launch the Ministry of Institutional Treasury up to 210 million dollars and change its name to TONC. The company announced on Monday.
According to To announce, SRM has entered into a securities purchase agreement with a private investor to invest $ 100 million to finance TON (TXTreasury strategy. The founder of Ton Justin Sun will join the company as a consultant.
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As part of the deal, SRM Entertainment will issue 100,000 arrows of the preferred shares of the convertible B series. This stock can be transferred to a total of 200 million shares of shared shares at a price transfer price of $ 0.50 per share, and 220 million appointments to get up to 220 million shares of regular shares at an exercise price of $ 0.50 per share.
The company said: “The strategic investment, which is valued at 210,000,000 dollars when exercising full orders, enables SRM to build a major strategy for TON.” Dominary securities, the bank that organized the deal, It is said He has ties with the family of US President Donald Trump. foot I mentioned Trump’s son, Eric Trump, is expected to play a newly renovated company.
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Ton Inc. Eyes Stokeing and Embedend
Tron Inc. plans. To implement the profit distribution policy after implementing the TX Staking program with the company’s assets. In this announcement, Justin Sun, the founder of TON, said that Blockchains and Stablecoins are witnessing an increase in the use of the real world. He added:
“With more than 310 million international user accounts and average daily transactions ytd [year-to-date] Tron exceeds $ 20 billion, TON seeks to be a protocol to choose to settle the onchain that serves the collective population all over the world. “
This announcement follows data from mid -May that shows that Stablecoin is connecting another million dollars in the USDT codes on the TON network, which prompted its approved USDT Supply beyond Ethereum.
American organizers buried hatred
Development comes amid organizational melting between the Securities Committee and the American Stock Exchange and Sun. In a modified lawsuit against Sun, the Supreme Education Council claimed The founder of TON “Travel Wide” throughout the countryGive her a specialty.
In late February, SEC and Sun The Federal Court requested that the organizer’s case be stopped Against the sun to facilitate settlement talks. In April, he is Revealing The wallet that bought the largest share of Trump’s official Memecoin, and qualified for dinner and reception with the American president.
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