SRM Entertainment raises $100M in PIPE through 100K Series B shares convertible at $0.50, appoints three new directors

Tron Inc.

Issued 100,000 Series B Preferred Stock shares convertible into 200M common shares at $0.50, plus warrants for 220M shares at $0.50.
Purchase price of $100M to be paid in TRON tokens by June 30, 2025; tokens held in custodian wallet controlled by Board.
Three directors (Hans Haywood, Gary Herman, Douglas McKinnon) resigned; Weike Sun (Chairman), Zhihong Liu, Zi Yang appointed.
Employment agreements of CEO, CFO, President, VP amended to limit compensation to legacy consumer products business, not TRON operations.
Conversion limited to 19.99% of outstanding common stock until stockholder approval; dividend rights on as-converted basis.

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Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Hans Haywood

Member of the Board

TRON · Tron Inc.

Effective: 2025-06-16
Filed: Jun 16, 2025 23:59 UTC

In connection with the PIPE Offering, on June 16, 2025, Hans Haywood and Gary Herman resigned as members of the Board.

Appointed

Weike Sun

Chairman of the Board

TRON · Tron Inc.

Effective: 2025-06-16
Filed: Jun 16, 2025 23:59 UTC

In connection with the PIPE Offering, on June 16, 2025, Weike Sun (“Mr. Sun”), Zhihong Liu, and Zi Yang were appointed as members of the Board. Mr. Sun was named Chairman of the Board.

Departed

Gary Herman

Member of the Board

TRON · Tron Inc.

Effective: 2025-06-16
Filed: Jun 16, 2025 23:59 UTC

In connection with the PIPE Offering, on June 16, 2025, Hans Haywood and Gary Herman resigned as members of the Board.

Departed

Douglas McKinnon

Member of the Board

TRON · Tron Inc.

Effective: 2025-06-16
Filed: Jun 16, 2025 23:59 UTC

In connection with the PIPE Offering, Douglas McKinnon resigned as a member of the Board.

Source: SEC EDGAR

accession 0001641172-25-015300

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