SRM Entertainment (SRM) Announces $5 Million Private Placement
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SRM Entertainment Announces $5 Million Private Placement
May 22, 2025 9:00 AM EDTWinter Park, Florida, May 22, 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 that it has entered into a securities purchase agreement with an institutional investor for a private investment in public equity (PIPE) financing that is expected to result in gross proceeds to the Company of approximately $5 million, before deducting placement agent fees and offering expenses.
The Company intends to use the net proceeds from the offering for general corporate purposes, including working capital.
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