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Trump Media merger wins investor approval, netting Trump potential windfall

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Trump will own about 60 percent of the company, which at Digital World’s current share price would be worth about $3.3 billion.

Former president Donald Trump prepares himself before walking out to speak with his attorneys to reporters and members of the media at the Waldorf Astoria hotel in Washington in January. Shareholders voted Friday to take former president Donald Trump’s media company public, a long-delayed move that will open the owner of Truth Social to stock-market investors and grant Trump a stake worth billions of dollars.

He and other investors could earn tens of millions more shares through an “earnout” provision tied to the stock’s performance, Digital World said in an The post-merger company, which will be called Trump Media, could begin trading on the Nasdaq stock exchange as soon as Monday under the ticker symbol of Trump’s initials, DJT. That symbol was also used for Trump’s only other public company, Trump Hotels and Casino Resorts, whichThe merger will net Trump Media $300 million that Digital World initially raised from investors.

 

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