Tron to Go Public on Nasdaq via Reverse Merger as SEC Pauses Justin Sun Lawsuit
- Tron will go public in the U.S. through a reverse merger with SRM Entertainment Inc.
- SEC paused its investigation into founder Justin Sun, removing a key obstacle.
- Eric Trump is expected to join leadership, and SRM will rebrand as Tron Inc. with $100M treasury strategy.
The Tron blockchain platform is set to go public in the United States. The move will be accomplished via a reverse merger with the Nasdaq-listed company SRM Entertainment Inc. This development comes after the U.S. Securities and Exchange Commission (SEC) paused its investigation into Tron’s founder, Justin Sun, clearing a major legal hurdle for the deal.
The announcement was made on June 16. It marks a significant step for one of the world’s most active blockchain networks to gain a foothold in U.S. public equity markets.
SRM Entertainment to Rebrand as “Tron Inc.” with $100M Treasury Plan
SRM confirmed it will change its name to Tron Inc. as part of the merger deal. The company also announced a $100 million equity investment into a new “TRON Treasury Strategy” focused on building U.S.-based blockchain operations. This reverse merger allows Tron to bypass a traditional IPO and secure…
The post Tron to Go Public on Nasdaq via Reverse Merger as SEC Pauses Justin Sun Lawsuit appeared first on Coin Edition.
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Tron to Go Public on Nasdaq via Reverse Merger as SEC Pauses Justin Sun Lawsuit
- Tron will go public in the U.S. through a reverse merger with SRM Entertainment Inc.
- SEC paused its investigation into founder Justin Sun, removing a key obstacle.
- Eric Trump is expected to join leadership, and SRM will rebrand as Tron Inc. with $100M treasury strategy.
The Tron blockchain platform is set to go public in the United States. The move will be accomplished via a reverse merger with the Nasdaq-listed company SRM Entertainment Inc. This development comes after the U.S. Securities and Exchange Commission (SEC) paused its investigation into Tron’s founder, Justin Sun, clearing a major legal hurdle for the deal.
The announcement was made on June 16. It marks a significant step for one of the world’s most active blockchain networks to gain a foothold in U.S. public equity markets.
SRM Entertainment to Rebrand as “Tron Inc.” with $100M Treasury Plan
SRM confirmed it will change its name to Tron Inc. as part of the merger deal. The company also announced a $100 million equity investment into a new “TRON Treasury Strategy” focused on building U.S.-based blockchain operations. This reverse merger allows Tron to bypass a traditional IPO and secure…
The post Tron to Go Public on Nasdaq via Reverse Merger as SEC Pauses Justin Sun Lawsuit appeared first on Coin Edition.
Read More