Crypto platform Tron strikes deal with Nasdaq-listed company — TradingView News

Justin Sun’s crypto platform, Tron, has reached a deal with Nasdaq-listed company SRM Entertainment SRM under which it will buy tokens, be renamed Tron Inc and have Sun join the company as an adviser, SRM said on Monday.

SRM’s statement did not name the private investor whose $100 million equity investment – valued at $210 million if warrants are exercised – would be used to purchase Tron’s cryptocurrency. The Financial Times reported that the funds would be injected by Tron itself and that Tron was set to go public in the U.S. via a reverse merger with SRM.

Spokespersons for Tron and SRM did not respond to requests for comment on whether the $100 million in funds were going to come from Tron itself.

SRM’s statement did not say how…

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