Tron Inc. (TRON): M&A transaction — SRM acquires film "The Kid" assets for $3M; related-party note and shares

Tron Inc.

Acquired movie "The Kid" (dir. Vincent D'Onofrio) assets from Suretone Entertainment for $3M total.
Paid $250k cash, 1.5M restricted SRM shares ($0.8333/share), and a $1.5M secured note at 8% due Sep 2025.
Jordan Schur (Suretone CEO) is a Safety Shot board member; Safety Shot holds 34.27% of SRM – related-party deal.
Note secured by purchased assets; accelerates on bankruptcy, SEC filing failure, or Nasdaq delisting.
Shares issued without registration under Section 4(a)(2) of the Securities Act.

item 1.01 item 2.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.95

Tron Inc. completed an acquisition involving Suretone Entertainment, Inc. for $250,000 cash, 1,500,000 restricted shares of common stock valued at $0.8333 per share, and a secured promissory note of $1,500,000 (closed 2024-09-03).

Action: acquisition
Counterparty: Suretone Entertainment, Inc.
Consideration: $250,000 cash, 1,500,000 restricted shares of common stock valued at $0.8333 per share, and a secured promissory note of $1,500,000
Closing: 2024-09-03

Exact text from the filing

Shot, Inc. (“ Safety Shot ”). Safety Shot holds 34.27% of the Company’s common stock. In consideration for the acquired assets, the Buyer paid the Purchase Price by: (i) paying $250,000 in cash on September 3, 2024); (ii) issuing 1,500,000 restricted shares of the Company’s common stock, par value $0.001 per share (valued at $0.8333 per share); and (iii) issuing

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31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Tron Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-035241

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