---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-012625"
form_type: "8-K"
ticker: "TRON"
cik: "0001956744"
company_name: "Tron Inc."
filed_at: "2025-05-28T23:59:59+00:00"
generated_at: "2026-05-20T08:56:08.430024+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SRM Entertainment closes $5M PIPE of convertible preferred and warrants; corrects conversion price to $0.56

## Summary
- Gross proceeds of $5M from sale of 5,000 Series A Convertible Preferred shares convertible into 8,928,571 common shares at $0.56 per share.
- Warrants to buy up to 8,928,571 common shares at $0.65 per share, exercisable immediately and expiring in two years.
- Amended Certificate of Designation filed May 23 to correct the conversion price from $0.50 to $0.56.
- Stock options issued to CEO Richard Miller (465,000) and CFO Douglas McKinnon (575,000) at $0.56 per share, vest immediately.

## SEC filing metadata
- accession: 0001641172-25-012625
- form_type: 8-K
- ticker: TRON
- cik: 0001956744
- company_name: Tron Inc.
- filed_at: 2025-05-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1956744/000164117225012625/0001641172-25-012625-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1956744/000164117225012625/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-012625
- JSON: https://secwatch.observer/filing/0001641172-25-012625.json
- Plain text: https://secwatch.observer/filing/0001641172-25-012625.txt

## Key facts
- Governance Changes
  Tron Inc.: Corrected conversion price of Series A Preferred Stock from $0.50 to $0.56 per share via Amended & Restated Certificate of Designation (effective 2025-05-23).
  - Change: charter amendment
  - Effective: 2025-05-23
  source text: on May 23, 2025 the Company filed an Amended & Restated Certificate of Designation (the “ A&R Series A Certificate of Designation ”) to correct the conversion price of the Series A Preferred Stock from $0.50 per share to $0.56 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1956744/000164117225012625/0001641172-25-012625-index.htm

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