The Mudcat Café TM
Thread #172859   Message #4199519
Posted By: Stilly River Sage
22-Mar-24 - 10:41 AM
Thread Name: Trump INDICTED x4 NO new Trump threads part III
Subject: RE: Trump INDICTED x4 NO new Trump threads part III
According to a notification from the New York Times this morning Truth Social just merged with some shell corporation and Trump will get about $300m from that. Finalized today. I found a story about it from The Hill so it should be readable by all.

Digital World shareholders approve merger with Trump’s Truth Social
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.

All of those moving parts. We were looking at the bank accounts and the buildings, forgot about that worthless scourge on the social media world. It seems someone wants it (and the party he merged with must be bigger and nastier than he is.) It will trade on the NY Stock Exchange as DJT. Of course it will.