🚀 TRON (TRX) Set to Go Public via Reverse Merger with Nasdaq-Listed SRM Entertainment
In a major development for the crypto industry, TRON, the blockchain platform founded by billionaire Justin Sun, is planning to go public in the U.S. through a reverse merger with Nasdaq-listed SRM Entertainment, according to a Financial Times report.
### Key Details of the Deal:
✔️ Reverse Merger Structure: TRON will merge with SRM Entertainment, a publicly traded company, bypassing the traditional IPO route.
✔️ Investment Strategy: The newly formed entity, Tron Inc., will buy and hold TRX tokens, similar to MicroStrategy’s (MSTR) Bitcoin accumulation strategy led by Michael Saylor.
✔️ $210M Token Allocation: TRON will contribute $210 million worth of TRX tokens to the new firm.
✔️ Eric Trump’s Involvement: The deal is being managed by Dominari Securities, an investment bank with ties to the Trump family, and Eric Trump is expected to take a role in Tron Inc.
### Market Reaction
📈 TRX surged nearly 4% to $0.28 following the news.
📊 SRM Entertainment’s stock skyrocketed ~250% in pre-market trading, hitting $5.10.
### Why This Matters
This move follows a growing trend of crypto firms entering public markets, including Circle (USDC issuer), whose shares have surged 3x since its IPO. If successful, TRON’s public listing could bring greater institutional exposure and liquidity to the TRX ecosystem.
🔍 Stay tuned for updates as this story develops!
