BlockBeats News, June 16, according to the Financial Times, the cryptocurrency group Tron is set to go public after the U.S. suspended its investigation into billionaire founder Justin Sun.
According to two individuals familiar with the matter, Tron will go public through a reverse merger with Nasdaq-listed company SRM Entertainment. The transaction is orchestrated by Dominari Securities, a boutique investment bank based in New York with ties to Donald Trump Jr. and Eric Trump.
One of the sources mentioned that the newly formed joint venture will acquire and hold TRX, mimicking the strategy of MicroStrategy (formerly Strategy). The source added that Eric Trump is expected to serve in a role at the new company, which will be called Tron Inc. The deal will involve Tron injecting up to $210 million worth of token assets into the new entity.
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