Trump's Truth Social Merger Approved, Potential Windfall of $3.5 Billion

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Shareholders of Digital World Acquisition Corp. have approved a merger with Trump's Truth Social, making Trump Media & Technology Group a publicly traded company. Trump stands to gain $3.5 billion from the merger.

Former President Donald Trump stands to get a windfall of $3.5 billion now that shareholders of Digital World Acquisition Corp. have approved a merger with his Truth Social on Friday. Trump Media & Technology Group will trade on the stock market under the stock ticker “DJT” as early as next week.

Trump will own nearly 79 million shares in the newly-merged company. The former president will not be able to cash in his stake until six months after the merger.

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Trump's Truth Social completes merger, could net former president over $3BSocial media company Truth Social, owned by Trump Media & Technology Group, completed a merger that could potentially earn the former president over $3 billion. The company can begin trading as a public company next week. However, a lockout provision currently prevents Trump from immediately selling or getting loans based on his shares. Trump faces a Monday deadline to secure a financial guarantee to cover a $464 million judgment against him.
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