Ticker LaunchIPO · SRM
Tron Inc.
Formerly SRM Entertainment, Inc.
Tron Inc. (SRM) priced its initial public offering on Aug 16, 2023 at $5.00 per share, raising $6.2M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $47.2M. Benchmark was lead-left underwriter, joined by Dominari. Sichenzia Ross Ference Carmel advised the company and Sullivan & Worcester advised the underwriters.
At its 2023 IPO, SRM Entertainment (now Tron Inc.), spun out of Jupiter Wellness, was a toy and souvenir designer and developer with over 30 years in the business. It supplied exclusive products to theme parks and entertainment venues such as Walt Disney Parks, Universal Studios, SeaWorld and Six Flags.
- Status
- IPO
- Ticker
- SRM
- Exchange
- Nasdaq Capital Market
- Priced
- Aug 16, 2023
- IPO price
- $5.00
- Raised
- $6.2M
- Market cap at IPO price
- $47.2M
- First filed
- May 26, 2023
- Company counsel
- Sichenzia Ross Ference Carmel
- Underwriters' counsel
- Sullivan & Worcester
- Sector
- Financials
- Country / state
- FL
Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.
More on this listing for subscribers
- Lock-up period and expiry date
- Shares offered, over-allotment and shares outstanding after the offering
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Filings
- Registration statement (S-1) first filed May 26, 2023
- Latest amendment Jul 28, 2023
- Final prospectus (424B4) Aug 16, 2023
- All filings on EDGAR CIK 1956744
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