Trump Crypto Ally Justin Sun Poised to Take Tron Public Through Reverse Merger
Justin Sun, the China-born crypto entrepreneur with ties to the Trump family who saw a federal investigation of his business interests paused earlier this year, is set to take his Tron blockchain platform public in the US through a reverse merger.
SRM Entertainment Inc., a maker of toys and related projects, said in a statement Monday that it entered into a securities purchase agreement with a 'private investor' for a $100 million equity investment. The name of Winter Park, Florida-based SRM will be changed to Tron Inc. and Sun will serve as an adviser. SRM said the investor is an affiliate of Sun, while Sun confirmed his involvement to Bloomberg News.
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