"Shareholders in Digital World Acquisition Corp. (DWAC) approved a merger with former President Trump’s media startup on Friday teeing up Truth Social’s stock market debut and a potential $3.5 billion windfall for Trump.
The long-delayed merger between the blank check company and Trump Media & Technology Group received regulatory approval from the Securities and Exchange Commission (SEC) last month.
Trump stands to make about $3.5 billion from the deal, given the nearly 79 million shares he would control in the newly merged company."
DWAC / TMTG merger was delayed intentionally for Trump lawsuit fines to be issued so that Trump could get a couple billion dollars after the courts decided he owed $500M.
The whole thing is a giant fuck you to the machine trying to take him down 😂😂😂
If Trump got $3B before the verdict, Judge fuckhead would have set the fine at $3B instead of $500M.
Trump will get the bond money back...and James and NY will never get a property!
This is all because he started a platform to share truth. HA HA HA.
i keep saying, he will come out of this pickle over the time frame of Monday...WITH A FUCKING SPLASH! 💦TRUMP STYLE!
👌👌
"Shareholders in Digital World Acquisition Corp. (DWAC) approved a merger with former President Trump’s media startup on Friday teeing up Truth Social’s stock market debut and a potential $3.5 billion windfall for Trump.
The long-delayed merger between the blank check company and Trump Media & Technology Group received regulatory approval from the Securities and Exchange Commission (SEC) last month.
Trump stands to make about $3.5 billion from the deal, given the nearly 79 million shares he would control in the newly merged company."
READ (https://thehill.com/business/4549540-digital-world-shareholders-approve-merger-with-trump-media/)
https://archive.is/vbJ1d
If the price stays above 17.45 for 20 days Trump gets another 50 million shares making the total he would make 5.4B.
Seventeen? Forty five? Interesting coincidence, that.
I thought they had something in place where he can't immediately sell his shares. 6 months I think in the contract?
Most likely. But like any asset, he can take a loan against it. I don’t know if the “master” has any say in that.
Can someone with more brain wrinkles than me explain what will happen with our DWAC shares?
They will automatically convert to shares of the new company ticker $DJT probably next week, as early as Monday.
$DJT? No way
Will they go after that too, what a movie!
I've seen 3B, 4B, and 5.6B
What's a few billion, he's gonna be fine
God wins.
Sounds like it's time for a Securities and Exchange Commission investigation over...checks notes... something!
Yep the timing is impeccable. Coincidence?
The lefts heads will explode.....gotta catch the view lol
Pure speculation / bullshit:
DWAC / TMTG merger was delayed intentionally for Trump lawsuit fines to be issued so that Trump could get a couple billion dollars after the courts decided he owed $500M.
The whole thing is a giant fuck you to the machine trying to take him down 😂😂😂
If Trump got $3B before the verdict, Judge fuckhead would have set the fine at $3B instead of $500M.
Yet banks that lie and fuck people get token fines of a few million dollars, sometimes less.
Tell the truth and you never have to fear anyone.