Digital World Shareholders Approve Merger with Trump Media: Truth Social's Stock Market Debut Teed Up

Friday, 22 March 2024, 14:29

Shareholders in Digital World Acquisition Corp. approved a merger with Trump Media, setting the stage for Truth Social's stock market debut and a potential $3.5 billion windfall for Trump. However, Trump may face challenges as he struggles to secure a $464 million bond in a civil fraud case, possibly risking the seizure of his assets.

https://store.livarava.com/d663e662-e858-11ee-9699-5254a2021b2b.jpe — Digital World Shareholders Approve Merger with Trump Media: Truth Social's Stock Market Debut Teed Up

Merger Approval and Stock Market Debut

Shareholders in Digital World Acquisition Corp. (DWAC) approved a merger with former President Trump’s media startup, potentially leading to a $3.5 billion windfall for Trump.

Regulatory Approval and Financial Impact

The long-delayed merger between the blank check company and Trump Media & Technology Group received regulatory approval from the SEC, allowing Trump to potentially control nearly 79 million shares in the merged company.

Windfall Potential: Trump stands to make about $3.5 billion from the deal
Legal Challenges: Trump faces difficulties in securing a $464 million bond in a civil fraud case, which could put his assets at risk of seizure.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.