Trump Social Media Company Merger APPROVED, Trump’s Windfall Upwards of $3 Billion or More

UPDATE FROM X:

🚨BOOM: Trumps Net Worth SURGES to over $6Billion as Truth Social stock goes public after Democrats attempted to bankrupt him pic.twitter.com/xPixyfmrKB

— Benny Johnson (@bennyjohnson) March 26, 2024

Shareholders have just voted to make Trump Media & Technology Group, the parent company of Truth Social, a publicly traded company. This could net Trump a windfall of $4 billion.

The President would need to seek a waiver to liquidate his stock before the end of a lockup period in order to use the cash to secure a $450 million bond in the Letitia James, “Get Trump” fraud case to then appeal the decision.

Trump has nearly $500 million in cash, but experts claim he needs $1 billion in cash to secure a bond that size.

TMTG stock will trade on Nasdaq as “DJT” as early as next week. F*ck Letitia James. Buy it.

Trump social media company will go public as DWAC shareholders approve merger

By: Dan Mangan, CNBC, March 22, 2024:

• Shareholders in Digital World Acquisition Corporation voted to approve a merger with Donald Trump’s social media company.
• The tie-up could net the former Republican president an eventual windfall of $3 billion or more.
• The vote by DWAC shareholders comes two-and-a-half years after that so-called SPAC announced plans to merge with Trump Media & Technology Group, which owns the Truth Social app platform.
• It also comes as Trump faces the possibility that New York Attorney General Letitia James will start trying to collect on a massive $454 million civil fraud judgment against him next week.

Shareholders in Digital World Acquisition Corporation voted Friday to approve a merger with Donald Trump’s social media company, a deal that could net the former president an eventual windfall of $3 billion or more.

The vote by DWAC shareholders comes about two-and-a-half years after the so-called special purpose acquisition company announced plans to merge with Trump Media & Technology Group, the private firm that owns the Truth Social app platform.

It also comes as Trump faces the possibility that New York Attorney General Letitia James on Monday will start trying to collect on a massive $454 million civil fraud judgment against him.

Shares in the newly combined company, Trump Media, could begin to be publicly traded next week under the stock symbol DJT, Trump’s initials.

Continue reading.

AUTHOR

Pamela Geller

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EDITORS NOTE: This Geller Report is republished with permission. ©All rights reserved.

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