TRON Inc., formerly known as SRM Entertainment, Inc., has issued 220,000,000 shares of its common stock to Bravemorning Limited, an entity controlled by Mr. Weike Sun, who is a member of the company's Board of Directors. This transaction was part of a private placement involving Series B Convertible Preferred Stock. Bravemorning exercised PIPE Warrants to acquire these shares at an exercise price of $0.50 per share, paying $110,000,000 in the form of 312,500,100 TRON tokens $(TRX)$. This issuance resulted in Bravemorning owning approximately 86.6% of TRON Inc.'s outstanding shares, leading to a change in control of the company.
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