[22 / 1 / ?]
99KiB, 768x960, 431538197_801853318463800_8493455724066553612_n.jpg
When the good guys finally win!
>Shareholders of Digital World Acquisition Corp. (DWAC) approved a merger Friday with Truth Social, a media startup owned by former President Trump, teeing up its 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 (TMTG) 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.
>The stock has whipsawed in value throughout Friday after opening at roughly $44 per share, rising as high $46.70 and falling as low as $38.12 before settling near $41 shortly before noon.
>The potential windfall comes as the former president struggles to secure a $464 million bond in his New York civil fraud case. Trump’s lawyers admitted earlier this week that it was “impossible” to secure the full appeal bond due to a lack of cash on hand.
https://thehill.com/business/4549540-digital-world-shareholders-approve-merger-with-trump-media/
>Shareholders of Digital World Acquisition Corp. (DWAC) approved a merger Friday with Truth Social, a media startup owned by former President Trump, teeing up its 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 (TMTG) 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.
>The stock has whipsawed in value throughout Friday after opening at roughly $44 per share, rising as high $46.70 and falling as low as $38.12 before settling near $41 shortly before noon.
>The potential windfall comes as the former president struggles to secure a $464 million bond in his New York civil fraud case. Trump’s lawyers admitted earlier this week that it was “impossible” to secure the full appeal bond due to a lack of cash on hand.
https://thehill.com/business/4549540-digital-world-shareholders-approve-merger-with-trump-media/
