Core Viewpoint - SRM Entertainment, Inc. has successfully closed a private investment in public equity (PIPE) financing, raising gross proceeds of $5 million from an institutional investor [1][2]. Group 1: Financing Details - The company sold 5,000 shares of Series A Convertible Preferred Stock, which can be converted into approximately 8,928,571 shares of common stock at a conversion price of $0.56 per share [2]. - Each unit sold consists of one share of Series A Convertible Preferred Stock and one warrant, priced at $1,000 per unit, with the warrants exercisable at $0.65 per share for two years [2]. - The net proceeds from the offering will be used for general corporate purposes, including working capital [2]. Group 2: Company Overview - SRM Entertainment designs and manufactures licensed media-themed merchandise, including toys and souvenirs for major theme parks and entertainment venues [6]. - The company’s products are based on popular multi-billion-dollar entertainment franchises and are distributed globally at various attractions, including Walt Disney Parks and Resorts and Universal Parks and Destinations [6]. - SRM's design team has created specialty products for notable landmarks and events, including exclusive items featuring licensed characters [6].

Core Viewpoint - SRM Entertainment, Inc. has entered into a PIPE financing agreement expected to generate approximately $5 million in gross proceeds for the company [1] Group 1: Financing Details - The company is selling 5,000 shares of Series A Convertible Preferred Stock, convertible into 10 million shares of common stock at a conversion price of $0.50 per share [3] - Each share of Series A Convertible Preferred Stock and one warrant is priced at $1,000, with warrants exercisable at $0.65 per share for two years [3] - Dominari Securities LLC acted as the sole placement agent for the PIPE financing [4] Group 2: Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, including working capital [2] Group 3: Company Overview - SRM Entertainment designs and manufactures licensed media-themed merchandise, including toys and souvenirs for major theme parks and entertainment venues [7] - The company’s products are based on popular multi-billion-dollar entertainment franchises and are distributed globally at various attractions [7]

Core Viewpoint - SRM Entertainment, Inc. has received a 180-day extension from Nasdaq to regain compliance with the minimum bid price requirement of $1 per share, allowing the company until October 20, 2025, to meet this requirement [1][2] Company Overview - SRM Entertainment designs, develops, and manufactures custom merchandise, including toys and souvenirs for major theme parks and entertainment venues [3] - The company’s products are based on multi-billion-dollar entertainment franchises and are distributed globally at various attractions, including Walt Disney Parks and Resorts and Universal Parks and Destinations [3] - SRM's design team has created specialty products for notable landmarks and events, including exclusive items like the Sip With Me cups featuring licensed characters [3] Strategic Focus - The company is committed to executing its strategic roadmap, which includes expanding product lines, entering new distribution channels, and driving consistent revenue growth [2] - The CEO emphasized that this focused approach should positively impact SRM's stock price in the long run [2]