Tron has officially landed on Nasdaq, and Sun has another ordinary victory.
Tron Inc. today (Nasdaq code: TRON) rang the opening bell on Nasdaq to celebrate the official name change of TRON Inc.
Sun spent $100 million to reverse-acquire the nearly bankrupt SRM Entertainment, announcing a maximum $210 million TRX token reserve strategy this June.
There are some noteworthy stories behind this acquisition:
1️⃣ An important prerequisite for the deal was the cessation of the U.S. regulatory investigation into Justin Sun's fraud. One of the benefits of being a close friend of President Trump.
2️⃣ The firm responsible for this acquisition, Dominari Securities, is headquartered in Trump Tower, and its parent company, Dominari Holdings, has board advisors including Donald Trump Jr. and Eric Trump.
3️⃣ In mid-June 2025, the FT reported that Tron would inject up to $210 million in TRX into SRM Entertainment through a reverse merger, with the company renamed to Tron Inc. The deal includes $100 million in private equity financing to purchase TRX, plus warrant allocations, with total financing potential reaching $210 million.
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