"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."
"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.