Dominari Holdings’ (DOMH) wholly owned subsidiary, Dominari Securities, served as the exclusive placement agent, successfully leading the placement of a $100M equity investment for SRM Entertainment (SRM). The transaction, which included the issuance of 100,000 shares of Series B Convertible Preferred Stock and 220 million warrants, represents a total potential investment of $210M upon full warrant exercise. As part of the deal, Justin Sun, founder of the TRON blockchain, will join SRM as an advisor. TRON is the native cryptocurrency of the TRON blockchain, founded by Justin Sun in 2017.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DOMH:
- Dominari Holdings set to join Russell Microcap Index
- Ron Lieberman Transitions to Dominari Holdings Advisory Board
- Dominari Holdings Announces Merger with Gryphon Digital
- Dominari Holdings’ strategic interest in Bitcoin mining to go public
- Dominari serves as exclusive placement agent for Unusual Machines offering