- Tron Inc. has expanded its TRON (TRX) token treasury holdings to **over $220 million**.  **[1956744_0001641172-25-026144_ex99-1.htm:0]** 
- This expansion resulted from Bravemorning Limited exercising warrants for **$110,000,000** to purchase restricted common shares, adding **312,500,100 TRX tokens** to the Company’s treasury portfolio.  **[1956744_0001641172-25-026144_ex99-1.htm:0]** 
- Bravemorning Limited's total equity investment in Tron Inc. has increased to **$210 million**, establishing it as the controlling shareholder with **86.6% ownership**.  **[1956744_0001641172-25-026144_ex99-1.htm:0]**

Tron Inc. Expands TRX Treasury with New Investment

- TRON Inc. (formerly SRM Entertainment, Inc.) amended its Common Stock Purchase Warrant with Bravemorning Limited, effective **August 25, 2025**.  **[1956744_0001641172-25-026036_ex4-1.htm:0]** **[1956744_0001641172-25-026036_form8-k.htm:1]** 
- The amendment allows the exercise price of **$0.50 per share** for up to **220,000,000 shares** to be paid in **TRON (TRX) tokens**, in addition to existing methods of cash or cashless exercise.  **[1956744_0001641172-25-026036_ex4-1.htm:0]** **[1956744_0001641172-25-026036_form8-k.htm:1]** **[1956744_0001641172-25-026036_ex4-1.htm:1]** 
- The fair market value of TRX for purposes of satisfying the exercise price will be determined based on the closing price of TRX published on CoinMarketCap on the calendar day immediately preceding the date of exercise.  **[1956744_0001641172-25-026036_form8-k.htm:1]** **[1956744_0001641172-25-026036_ex4-1.htm:1]** 
- Bravemorning Limited, the holder of the warrants, is controlled by **Mr. Weike Sun**, a member of TRON's Board of Directors, who recused himself from the decision to approve the amendment.  **[1956744_0001641172-25-026036_form8-k.htm:1]**

Tron (TRON)