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

  • 📰 BreitbartNews
  • ⏱ Reading Time:
  • 9 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 51%

Business Новости

Donald Trump,Truth Social,Merger

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.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 610. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Trump's Truth Social company completes merger that could net him over $3 billionDonald Trump's Truth Social has completed a merger that could net him over $3 billion -- but a provision in the deal keeps him from immediately selling his shares.
Источник: 6abc - 🏆 250. / 63 Прочитайте больше »

Trump Could Get $3.5B Windfall after Shareholders Approve Truth Social MergerSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Источник: BreitbartNews - 🏆 610. / 51 Прочитайте больше »

Establishment Media Fail Again as Trump’s Truth Social’s Big Merger ApprovedSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Источник: BreitbartNews - 🏆 610. / 51 Прочитайте больше »

DWAC, Truth Social merger could boost Trump’s net worth by $3 billionThe Digital World Acquisition Corporation is merging with the company behind Trump’s Truth Social.
Источник: verge - 🏆 94. / 67 Прочитайте больше »

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.
Источник: ABC7Chicago - 🏆 284. / 63 Прочитайте больше »

Will The Truth Social Merger Help Trump Pay His $454 Million Penalty?See multiple perspectives from New York Post (News), Forbes, and NBC News (Online) at AllSides.com.
Источник: AllSidesNow - 🏆 572. / 51 Прочитайте больше »