SRM Entertainment Announces Closing of $5 Million Private Placement

Winter Park, Florida, May 27, 2025 (GLOBE NEWSWIRE) -- SRM Entertainment, Inc. (Nasdaq: SRM) (“SRM” or the “Company”), a leading provider of creative and high-quality licensed media-themed merchandise, announces today the closing of its previously announced private investment in public equity (“PIPE”) financing with an institutional investor for gross proceeds to the Company of $5,000,000, before deducting placement agent fees and offering expenses. Pursuant to the terms of the securities purchase agreement ...