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22h ago

Tron’s Nasdaq Debut Nears After SRM Shares Jump Over 500%

Dominari Securities is brokering a $100 million transaction that will rebrand SRM as Tron Inc. under Justin Sun’s advisory role.

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Overview

  • Tron will go public in the U.S. through a reverse merger with Nasdaq-listed SRM Entertainment, backed by a $100 million equity investment and warrants valued up to $210 million.
  • SRM’s stock price surged more than 500% to over $9 per share in early trading after the merger announcement, and Tron’s native TRX token rose above 3%.
  • Dominari Securities, the investment bank linked to the Trump family, is serving as exclusive placement agent for the deal that will transform SRM into Tron Inc.
  • Justin Sun has been named an advisor to the newly formed Tron Inc., and SRM plans to accumulate TRX tokens in its treasury strategy to drive long-term value.
  • Eric Trump denied any public role in the venture despite his advisory board ties at Dominari, and the SEC has paused its market-manipulation case against Sun following his investment in a Trump-backed DeFi firm.