According to @justinsuntron, a recent Securities and Exchange Commission (SEC) filing details a $100 million private investment in public equity (PIPE) deal, paid entirely in Tron (TRX) tokens, that gives Justin Sun’s father, Weike Sun, control of a publicly traded company. The filing shows that SRM Entertainment is changing its name to Tron Inc., with Weike Sun appointed as chairman. Other Tron-aligned executives have also joined the board. The deal, arranged by Dominari Securities, involved an investment vehicle owned by Weike Sun purchasing preferred stock convertible into 200 million common shares, plus 220 million warrants. The Financial Times reported that the new Tron Inc. plans to buy and hold up to $210 million in TRX, adopting a corporate treasury strategy similar to MicroStrategy's with Bitcoin. Following the news, the TRX token fell 2.5% to $0.27, and SRM stock dropped 15% to $7.73.