Former President Donald Trump is poised to receive up to 36 million additional shares of Trump Media after trading closes Tuesday.
The shares would be worth more than $1.25 billion at current prices.
Trump Media, which owns the Truth Social app, set aside these so-called earnout shares for him if the company’s stock met a minimum share price benchmark.
Former President Donald Trump is poised to receive an additional 36 million shares of Trump Media on Tuesday — an “earnout” bonus worth more than $1.25 billion, at Monday’s price.
Shares of Trump Media, which owns the Truth Social app, were trading at around $35 per share midday Monday, about half the price per share they debuted at in March.
But that price is twice the $17.50 benchmark minimum share price, which the DJT ticker has to hit by the close of trading Tuesday, for Trump to become eligible for the extra so-called earnout shares.
Lol. Fakebook, twatter, insta, and all the rest were not profitable for many years. DJT will be much more than just Truth Social. It will be TV, streaming, airing banned movies and all the rest. As we enter another election year, there is nothing they can do to shut Truth down, unlike in 2021 when they banned Trump from Twitter for saying remain peaceful and go home.
Huh it suddenly hit me. They were trying to drive the price down before time was up so DJT wouldn't get the extra shares.
Now they've naked shorted themselves into a pretty pickle me thinks.
I believe you are right. HODL!
yeah it was a bear trap., so is $BBBYQ, GME,. and others
Former President Donald Trump is poised to receive an additional 36 million shares of Trump Media on Tuesday — an “earnout” bonus worth more than $1.25 billion, at Monday’s price.
Shares of Trump Media, which owns the Truth Social app, were trading at around $35 per share midday Monday, about half the price per share they debuted at in March.
But that price is twice the $17.50 benchmark minimum share price, which the DJT ticker has to hit by the close of trading Tuesday, for Trump to become eligible for the extra so-called earnout shares.
Not too shabby
~ Every talking head on TV
😂😂😂
Stand by for a MSM/democrat freak out on Tuesday.
Lol. Fakebook, twatter, insta, and all the rest were not profitable for many years. DJT will be much more than just Truth Social. It will be TV, streaming, airing banned movies and all the rest. As we enter another election year, there is nothing they can do to shut Truth down, unlike in 2021 when they banned Trump from Twitter for saying remain peaceful and go home.
💥🚀🌛 NOT investment advice. 😉