Tron Inc to list in the US via a reverse merger with SRM Entertainment…$100 million worth of TRX also accumulated

Nasdaq-listed SRM Entertainment has announced plans to accumulate $100 million worth of Tron (TRX) and change its company name.

According to GlobeNewswire on the 16th (local time), SRM Entertainment stated in a press release, "We have signed a $100 million equity investment agreement with a private investor" and "We plan to accumulate Tron with the funds raised."

Furthermore, the company announced it would change its name to Tron Inc (Tron Inc). SRM said, "We plan to change our name to Tron Inc," and added, "Justin Sun, founder of Tron, has been appointed as SRM’s advisor."

Richard Miller, CEO of SRM, said, "Tron is a leading US dollar-based stablecoin. We are very pleased to invest in next-generation financial infrastructure."

Previously, the Financial Times, citing sources familiar with the matter, reported, "Tron is set to be listed in the US through a reverse merger with SRM Entertainment," and "Eric Trump, the second son of US President Donald Trump, may also take on an important role at Tron Inc."