Justin Sun's TRON went public in the U.S. through a reverse merger with Nasdaq-listed SRM Entertainment, and the SEC suspended its fraud investigation
According to the latest news, TRON will achieve its goal of listing on the U.S. public market through a reverse merger with Nasdaq-listed SRM Entertainment. The deal is backed by Dominari Securities, an investment bank with ties to the Trump family, and the new company will be named "Tron Inc." and is expected to be held by Trump's second son, Eric Trump. In addition, the U.S. Securities and Exchange Commission (SEC) has suspended fraud investigations into TRON founder Justin Sun and his project, clearing some regulatory hurdles for the listing.
TRON's choice of reverse merger demonstrates the strategic wisdom of efficient access to the capital market and avoids the complex process of traditional IPOs.
Eric Trump's addition brings global attention to the project and may drive market heat for TRX, but it can also be controversial due to the political context.
The SEC's suspension of the investigation provides a more stable environment for TRON's IPO plans, showing the project's progress in compliance.
Tron Inc. Prospects: The new company plans to hold TRX tokens, mimicking MicroStrategy's Bitcoin strategy, and the TRX price and TRON ecosystem will bring new growth momentum.
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