Wave Field Plan to go public in the United States through reverse merger ​ Wave Field announced plans to enter the US capital market through a reverse merger with SRM Entertainment, which is listed on NASDAQ. Previously, the SEC had launched an investigation into the founder of TRON, Sun Yuchen, accusing him of selling unregistered securities and manipulating the market. The investigation has now been suspended. ​ It is reported that this transaction was facilitated by Dominari Securities, a boutique investment bank in New York with connections to Eric Trump and Donald Trump Jr. Eric Trump is expected to join the new company as an executive. Previously, the stock price of Dominari Securities rose sharply due to the Trump brothers joining the advisory committee. However, Eric Trump, although claiming to be a fan of Pocahontas and Sun Yuchen, denies participating in Pocahontas' IPO plan. ​ Wave Field has chosen a reverse merger instead of a traditional initial public offering (IPO). The new company Tron Inc. will become the operating entity of Wave Field, and Sun Yuchen will initially invest $210 million in TRX. TRX is the eighth largest cryptocurrency in terms of market capitalization, with a current platform valuation of $26.5 billion and a token price of $0.28. At the time of the announcement, it rose by 5%. TRX