Donald Trump set for windfall from Truth Social deal, with DJT ticker ready to scroll

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Shareholders on Friday approved a merger between President Donald Trump's media company and a publicly traded shell company, delivering a potential windfall to the presumptive GOP presidential nominee when he needs it the most.

The Truth Social account for former President Donald Trump is seen on a mobile device, Wednesday, March 20, 2024, in New York. Trump’s Truth Social looks set to hit Wall Street in a move that could give him stock worth …Shareholders on Friday approved a merger between President Donald Trump’s media company and a publicly traded shell company, delivering a potential windfall to the presumptive GOP presidential nominee when he needs it the most.

Importantly, Mr. Trump and other Trump Media shareholders are subject to a lockup provision that prevents them from selling their shares for six months.

 

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