Whats the initial valuation based on? Cash on hand is what, $293 million. The rest of that valuation IS prognostication - the product doesnt actually exist yet.
That said, Trump's "good will" is priceless to me and a lot of others, and I like the smell of behavioral investing in the morning.
The transaction values Trump Media & Technology Group at an initial enterprise value of $875 Million, with a potential additional earnout of $825 Million in additional shares (at the valuation they are granted) for a cumulative valuation of up to $1.7 Billion depending on the performance of the stock price post-business combination. Trump Media & Technology Group’s growth plans initially will be funded by DWAC’s cash in trust of $293 Million (assuming no redemptions).
So sure, speculation or estimation. Whatever you want to call it.
Whats the initial valuation based on? Cash on hand is what, $293 million. The rest of that valuation IS prognostication - the product doesnt actually exist yet.
That said, Trump's "good will" is priceless to me and a lot of others, and I like the smell of behavioral investing in the morning.
I'm in.
From the original release statement.
So sure, speculation or estimation. Whatever you want to call it.