The transaction organized by the Dominari Securities investment bank will allow Tron to circumvent the stage of the traditional IPO and access the American stock market in a simplified manner. The new company intends to keep TRX tokens in its balance in the amount of about $ 210 million, which will become part of its investment strategy to create value for shareholders. The transaction provides for attracting about $ 100 million from an unnamed private investor for additional purchase of TRX tokens.
SRM Entertainment, which specializes in the production of toys and souvenirs for thematic parks, will be renamed Tron Inc., and Justin San will take up the position of an adviser to the company in the leadership. After the confluence of the SRM action, 460%increased, and the TRX TOKEN price increased by 2.3%with an increase in the trading volume by 220%.
Through the Dominari Securities investment bank, Tron and SRM is controlled by the Maternal company Dominari Holdings, whose board of directors includes Donald Trump Jr. and Eric Trump, the sons of the current president of the United States.
Earlier, the Lookonchain analytical platform reported that Tron, the founder of Tron, became one of the largest holders of memcoirs associated with the personality of US President Donald Trump, and owns 1,176,803 Trump worth more than $ 14.32 million.
Source: Bits
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