From Barrons, what a country,

" Justin Sun’s Crypto Group Going Public in Reverse Merger
Crypto billionaire Justin Sun—also known as the guy who bought the banana artwork for $6.2 million—is taking his Tron group public in a reverse merger with a Nasdaq-listed toy company. It plans to change its name from SRM Entertainment to Tron and use company funds to buy Tron cryptocurrency.

It’s another example of a resurgent crypto industry and a crypto-friendly administration. Sun bought more than $20 million of President Trump’s memecoin to attend a private May 22 dinner. He previously invested $75 million in World Liberty Financial, the Trump family-backed crypto venture.
SRM is a Florida-based company that makes toys, souvenirs, and stuffed animals for theme parks. It has an agreement to acquire $100 million of Tron’s TRX digital tokens. Sun was named an advisor to the venture.
SRM said it was acquiring TRX to establish a Tron “treasury strategy,” by adding cryptocurrency to its balance sheet. SRM will issue 100,000 shares of its Series B Convertible Preferred Stock and issue 220 million warrants. The investment is valued at $210 million when warrants are fully exercised.
In February, the Securities and Exchange Commission asked a court to pause its fraud lawsuit accusing Sun and three of his companies of manipulating the market for Tron’s TRX token. Sun has said his World Liberty investment wasn’t politically motivated and called the SEC’s lawsuit meritless.
What’s Next: Dominari Securities LLC is the exclusive placement agent for the deal. It is a subsidiary of Dominari Holdings, in which Eric Trump and Donald Trump Jr. invested in February. Both are now members of its board of advisors. The White House said the transaction had nothing to do with the president.

—Janet H. Cho and Paul R. La Monica"