$Tron(TRON.US) The Sun Yuchen family, through its father Weike Sun as the nominal shareholder, invested approximately 365 million TRX worth about $100 million in SRM Entertainment, acquiring 200 million ordinary shares, and also obtained the right to subscribe for an additional 220 million shares at a cost of $0.5. If all the warrants are exercised, the Sun family will hold approximately 420 million ordinary shares, plus about 17 million existing shares, totaling approximately 437 million shares.

Now that the stock price is $7, why can he still exercise at $0.5?

The Sun Yuchen family can exercise at $0.5 because the securities purchase agreement with SRM Entertainment clearly stipulates the exercise price of the warrants at $0.5. As long as it is within the validity period of the warrants, regardless of how the stock price rises, the Sun Yuchen family has the right to exercise the warrants at this agreed price to purchase the shares.

According to relevant reports, the warrants obtained by the Sun Yuchen family for SRM Entertainment are valid for two years after issuance and can be exercised immediately.