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Deborah Lynn McDaniel-Hand, VP of Production Development at SRM Entertainment, Inc. (OTC:SRM), sold 100,000 shares of common stock on June 23, 2025, at a price of $9.41, totaling $941,000. The transaction comes amid SRM’s remarkable YTD return of ~1,280% and current market capitalization of $141 million. According to InvestingPro analysis, the stock is currently trading above its Fair Value, with 12 additional ProTips available for subscribers. Following the transaction, McDaniel-Hand directly owns 100,000 shares of SRM Entertainment. The stock has shown significant price volatility, trading between $0.26 and $12.80 over the past 52 weeks.
In other recent news, SRM Entertainment announced a significant financial agreement involving a private investment in public equity (PIPE) offering. The company entered into a Securities Purchase Agreement for a $100 million equity investment, which will be paid in TRON tokens by June 2025. This investment is part of SRM’s strategy to initiate a TRON Token Treasury Strategy, with Justin Sun appointed as an advisor. Additionally, SRM Entertainment plans to change its name to Tron Inc. in connection with a reverse merger with the digital asset platform Tron. This merger will see Tron injecting up to $210 million of token assets into the newly formed company. The company also secured $5 million through another PIPE deal, involving the sale of Series A Convertible Preferred Stock and warrants. Furthermore, SRM Entertainment received a 180-day extension to comply with Nasdaq’s minimum bid price rule, allowing the company until October 2025 to meet the requirement. These developments reflect SRM Entertainment’s strategic moves to enhance its financial standing and market presence.
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