Justin Sun's Tron to go public through reverse merger in deal led by Trump-linked bank

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Justin Sun’s crypto company Tron is set to hit the public market through a reverse merger with a manufacturer of custom toys and souvenirs for the world’s biggest theme parks.

SRM Entertainment

, a Nasdaq-listed merchandise supplier that has licensing deals with Disney

, Universal Studios (owned by CNBC parent NBC Universal) and SeaWorld, said on Monday that it will raise $100 million from a private investor to buy TRON tokens, and will issue preferred shares and warrants that value the deal at up to $210 million.