On June 6, 2025, it became known that Justin Sun's crypto project TRON is going public. Here's how the details of the process will be arranged:

Deal. The public organization SRM Entertainment will be renamed to Tron Inc. The company will accept investments in TRX. The funds will be contributed by a company owned by the father of the founder of TRON — Weike Sun. In exchange, the investor will receive 100,000 preferred shares, convertible into 200 million ordinary shares, and 220 million warrants at $0.50. Formally, this is referred to as a 'reverse initial public offering.' A private structure acquires a company that is already publicly traded, thus automatically making it public.

Corporate effect. Weike Sun will become the chairman of the board, and two top managers from the TRON ecosystem will manage the audit and personnel committees. In fact, control of Tron Inc. will belong to the Sun family.

Organizer. Dominari Securities acted as the exclusive agent for the IPO. Its board includes Donald Trump Jr. and Eric Trump.3532626212568521001878