Trump SPAC Merger Is Approved. How He Could Cash In.
Shareholders of Digital World Acquisition approved a transaction Friday to merge with former President Donald Trump’s Truth Social media platform. Trump stands to score a windfall with paper gains of more than $3 billion, but it isn’t clear how quickly...
He wont cash in his shares, he has $500 million already for bond.
He’ll save that option when the next bond is set.
Insiders typically won't be able to sell any of their shares for at least 6 months.