Yesterday, June 18, TRON announced that it will go public through a reverse merger with NASDAQ-listed SRM Entertainment to form a new company, Tron Inc., in a deal brokered by investment bank Dominari Securities. Although Trump's second son, Eric Trump, later clarified that he would not hold a position in the new TRON "backdoor" listing, Trump's eldest son, Donald Trump Jr., and second son, Eric Trump, still have an interest in Dominari Securities, the broker of the deal. Forbes reported in April that Trump's eldest and second sons 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 duo each received 750,000 shares, worth about $3 million at the time, 250,000 shares immediately upon joining, and another 500,000 shares when the company's market capitalization reached a certain milestone. If Dominari Holdings reaches further milestones, the Trump brothers and Ron Lieberman, a member of the advisory board and a Trump Organization executive, could receive an additional 550,000 shares in total. Trump's eldest son, Donald Trump Jr., and second son, Eric Trump, as well as a spokesman for Dominari Holdings, did not previously respond to requests for comment.
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Analysis: The Trump brothers have a vested interest in the merger facilitation party Dominari regarding the "shell" listing of TRON.
Yesterday, June 18, TRON announced that it will go public through a reverse merger with NASDAQ-listed SRM Entertainment to form a new company, Tron Inc., in a deal brokered by investment bank Dominari Securities. Although Trump's second son, Eric Trump, later clarified that he would not hold a position in the new TRON "backdoor" listing, Trump's eldest son, Donald Trump Jr., and second son, Eric Trump, still have an interest in Dominari Securities, the broker of the deal. Forbes reported in April that Trump's eldest and second sons 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 duo each received 750,000 shares, worth about $3 million at the time, 250,000 shares immediately upon joining, and another 500,000 shares when the company's market capitalization reached a certain milestone. If Dominari Holdings reaches further milestones, the Trump brothers and Ron Lieberman, a member of the advisory board and a Trump Organization executive, could receive an additional 550,000 shares in total. Trump's eldest son, Donald Trump Jr., and second son, Eric Trump, as well as a spokesman for Dominari Holdings, did not previously respond to requests for comment.