Odaily News Tron will go public through a reverse merger with Nasdaq-listed SRM Entertainment to form a new company, Tron Inc. The transaction was brokered by investment bank Dominari Securities.
Although Trump's second son Eric Trump later issued a statement clarifying that he would not hold a position in the new company that Tron would list through a backdoor listing, Trump's eldest son Donald Trump Jr. and second son Eric Trump still have an interest in Dominari Securities, the matchmaker of the deal.
It is reported that Trump's eldest son and second son joined the advisory board of Dominari Holdings, the parent company of investment bank Dominari Securities, which is headquartered in Trump Tower. As a result, the two received 750,000 shares each, which was worth about 3 million US dollars at the time. They received 250,000 shares immediately when they joined, and another 500,000 shares when the company's market value reached a certain milestone. If Dominari Holdings further achieves other milestones, the Trump brothers and advisory board member and Trump Group executive Ron Lieberman may receive a total of another 550,000 shares. Trump's eldest son Donald Trump Jr. and second son Eric Trump and Dominari Holdings spokespersons did not respond to requests for comment. (Forbes)