---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-029160"
form_type: "8-K"
ticker: "TRON"
cik: "0001956744"
company_name: "Tron Inc."
filed_at: "2023-08-16T23:59:59+00:00"
generated_at: "2026-06-11T08:51:16.900285+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SRM Entertainment completes IPO of 1.25M shares at $5.00, raises $6.25M gross, lists on Nasdaq under SRM

## Summary
- IPO of 1,250,000 shares at $5.00/share, gross proceeds $6.25M, net proceeds ~$5.3M.
- Shares began trading on Nasdaq Capital Market under symbol SRM on August 15, 2023.
- Underwriters granted 45-day over-allotment option for up to 187,500 additional shares.
- CFO Douglas McKinnon appointed; base salary $181,500, annual 10% increase, and options.
- Separation from Jupiter Wellness completed; 2M shares distributed to Jupiter shareholders on August 14, 2023.

## SEC filing metadata
- accession: 0001493152-23-029160
- form_type: 8-K
- ticker: TRON
- cik: 0001956744
- company_name: Tron Inc.
- filed_at: 2023-08-16T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1956744/000149315223029160/0001493152-23-029160-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1956744/000149315223029160/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-029160
- JSON: https://secwatch.observer/filing/0001493152-23-029160.json
- Plain text: https://secwatch.observer/filing/0001493152-23-029160.txt

## Key facts
- Executive change
  Douglas McKinnon was appointed as Chief Financial Officer at Tron Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On August 3, 2023, the Company and Jupiter Wellness entered into an Assignment and Assumption Agreement (the “McKinnon Assignment”), which became effective on August 14, 2023, to assume the employment agreement dated August 5, 2019, between Douglas McKinnon, Chief Financial Officer of the Company and former Chief Financial Officer of Jupiter Wellness, and Jupiter Wellness.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1956744/000149315223029160/0001493152-23-029160-index.htm
- Material Agreements
  Tron Inc. entered into Underwriting Agreement with EF Hutton, division of Benchmark Investments, LLC (effective 2023-08-14).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: EF Hutton, division of Benchmark Investments, LLC
  - Effective: 2023-08-14
  source text: On August 14, 2023, SRM Entertainment, Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with EF Hutton, division of Benchmark Investments, LLC (the “Representative”), as representative of the underwriters named therein, and Jupiter Wellness, Inc. (“Jupiter Wellness”), in connection with the Company’s initial public offering (the “IPO”) of 1,250,000 shares of common stock, par value $0.0001 (the “Common Stock”), at a price of $5.00 per share, less underwriting discounts and commissions.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1956744/000149315223029160/0001493152-23-029160-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.