Dominari Securities leads $100m equity placement for SRM Entertainment

Published 17/06/2025, 13:46
Dominari Securities leads $100m equity placement for SRM Entertainment

NEW YORK - Dominari Securities LLC, a subsidiary of Dominari Holdings Inc. (NASDAQ:DOMH), has served as the exclusive placement agent for a $100 million equity investment in SRM Entertainment, Inc. (NASDAQ:SRM), according to a press release statement. Dominari Holdings, with a market capitalization of $73.5 million, has demonstrated remarkable growth with a 154% return over the past year and revenue growth of 630% in the last twelve months.InvestingPro analysis suggests DOMH is currently trading below its Fair Value, with multiple growth indicators and financial health metrics available for subscribers.

The transaction includes the issuance of 100,000 shares of Series B Convertible Preferred Stock and 220 million warrants, representing a potential total investment of $210 million if all warrants are exercised.

As part of the deal, Justin Sun, founder of the TRON blockchain, will join SRM as an advisor. The company plans to use the proceeds to initiate a TRON Token Treasury Strategy.

"This landmark deal not only provides substantial capital to SRM but also strategically positions Dominari at the forefront of blockchain-driven finance," said Anthony Hayes, CEO of Dominari Holdings in the statement.

SRM Entertainment designs and manufactures custom merchandise for theme parks and entertainment venues, including products distributed at Walt Disney Parks and Resorts, Universal Parks and Destinations, and other attractions.

The transaction represents a significant capital infusion for SRM Entertainment as it moves into blockchain-related business activities. TRON is a blockchain platform founded in 2017 that focuses on low-cost, high-speed transactions, particularly for stablecoin transfers.

In other recent news, Dominari Holdings Inc. has announced its inclusion in the Russell Microcap Index following the annual reconstitution of Russell US Indexes. This development, effective after the market opens on June 30, is expected to enhance the company’s visibility among institutional and retail investors. Additionally, Dominari Holdings revealed a significant merger involving its subsidiary, American Bitcoin, which will merge with Gryphon Digital Mining. This merger will take American Bitcoin public on the Nasdaq stock exchange, with the transaction anticipated to finalize in the third quarter. Former American Bitcoin stockholders, including Dominari Holdings, will own approximately 98% of the new entity. In another update, Dominari Holdings has appointed CBIZ CPAs P.C. as its new independent registered public accounting firm, following the resignation of Marcum LLP. This change in auditors is documented in the company’s recent 8-K filing with the SEC. These developments reflect Dominari Holdings’ strategic moves to expand its market presence and optimize shareholder value.

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