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.
……..
- Discussion
-
Digital World shareholders approve merger with Trump’s Truth Social https://t.co/Mpr1VjlkwN pic.twitter.com/jL5IrKHoZQ
— The Hill (@thehill) March 22, 2024
You must be logged in to reply to this topic.