7 days ago
- Business
- Wall Street Journal
Crypto Tycoon Justin Sun's Tron Group to Go Public in U.S. via Reverse Merger
Crypto billionaire Justin Sun's Tron group will go public through a reverse merger with a small Nasdaq-listed toy company, the latest move by the Chinese-born tycoon to bring his digital-currency empire to the U.S.
SRM Entertainment SRM 485.52%increase; green up pointing triangle said Monday that it would change its name to Tron and that Sun had been named an adviser to the company. SRM also said that it had signed a securities purchase agreement for a $100 million investment to be used to acquire Tron's TRX digital tokens.
