Tron Inc. Deal Gives Justin Sun’s Father Control of Public Firm Via $100M Token Deal

A Securities and Exchange Commission (SEC) filing posted Monday night outlines the relationship between Tron DAO, Justin Sun, and SRM Entertainment, a Nevada company in the process of changing its name to Tron Inc.The filing details a $100 million private investment in public equity (PIPE) deal, paid entirely in TRX TRX tokens, that gives Sun’s father, Weike Sun, board control and positions Tron-aligned advisors in key governance roles.Weike was named chairman, while Zhihong Liu, also known as Steve Liu, a strategic adviser to Tron DAO and the CEO of stablecoin issuer Techteryx, and Zi Yang, a senior executive at Tronscan, joined the board’s audit, compensation, and nominating committees, according to the filing.The deal was structured as a private investment in public equity (PIPE) deal source: https://www.coindesk.com/markets/2025/06/17/tron-inc-deal-gives-justin-suns-father-control-of-public-firm-via-100m-token-deal