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Trump Could Get $3.5B Windfall after Shareholders Approve Truth Social Merger
Breitbart ^ | 03/22/2024 | KRISTINA WONG

Posted on 03/22/2024 9:24:47 AM PDT by ChicagoConservative27

Former President Donald Trump stands to get a windfall of $3.5 billion now that shareholders of Digital World Acquisition Corp. have approved a merger with his Truth Social on Friday.

The potential multibillion dollar infusion comes as New York Attorney General Letitia James is moving to seize Trump’s assets to pay a $464 million bond in his New York civil fraud case.

The long-delayed merger came after the Securities and Exchange Commission (SEC) approved it last month, and means that Trump’s company Trump Media & Technology Group will trade on the stock market under the stock ticker “DJT” as early as next week.

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Your Opinion/Questions
KEYWORDS: shareholders; trump; truthsocial; windfall
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To: G Larry

and it likely won’t be able to be done before monday when the commie letitia will begin seizing Trumps properties


41 posted on 03/22/2024 10:18:48 AM PDT by Bob434
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To: JudyinCanada

It’s 3.5 Bil...he only needs half a bil...


42 posted on 03/22/2024 10:18:59 AM PDT by Sacajaweau
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To: chuckee

He’s not going to sell his shares. These people are crooks and not at all bright.


43 posted on 03/22/2024 10:19:51 AM PDT by wiseprince (Me)
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To: Bob434

Naw...Trumop has someone behind Curtain No. 2...with a paper that says at the top....Art of the Deal - 2024


44 posted on 03/22/2024 10:21:53 AM PDT by Sacajaweau
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To: Boardwalk

yeah but then he won’t have the cash to campaign i guess- which is exactly what the left planned on


45 posted on 03/22/2024 10:23:49 AM PDT by Bob434
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To: DeplorablePaul

tell your broker you want to buy DWAC TODAY. You’ll get in at a much better price and come Monday/Tuesday you will own DJT


46 posted on 03/22/2024 10:24:29 AM PDT by spacejunkie2001
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To: Boardwalk

He can’t leave himself cash poor because he needs some liquidity to pay salaries, bills and such. So an infusion of cash from a stock sale would help a lot in this situation.


47 posted on 03/22/2024 10:25:30 AM PDT by Avalon Memories (Liberalism is a philosophy of sniveling brats. -- P.J. O’Rourke)
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To: Sacajaweau

I hope so! Hope this all backfires on the left bigtime and Trump comes out making a ton of $$ plus is able to sue for the court for political harassment and for breaking the rules about no grossly large fines- whatever it’s called-


48 posted on 03/22/2024 10:26:04 AM PDT by Bob434
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To: Sacajaweau

Wonder if she tore all her hair out after hearing this?????


49 posted on 03/22/2024 10:27:20 AM PDT by Hambone 1934 (Dems love playing Nazis.....The republicans love helping them)
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To: Bob434

Letitia needs to be reminded that the deadline is CLOSE of business on Monday, and not 12:01 a.m.


50 posted on 03/22/2024 10:29:44 AM PDT by G Larry (It's RACIST to impose SLAVE WAGES on LEGAL immigrants and minorities by importing ILLEGAL Laborers)
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To: G Larry

I doubt they care really- they ignore every other law or rule that doesn’t suit their agenda- The whole Trial was a setup and violation of Trump’s rights- Even the judgement- the massive amount was a violation


51 posted on 03/22/2024 10:33:37 AM PDT by Bob434
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To: G Larry

however, I do hope Trump is able to pull it off- and get the $$ before the close of the day- By all rights though- He shouldn’t have to and should be allowed to appeal the decision without first having to pay up- that too i believe is a violation- They hit him with massive fine, then tell him he can’t appeal UNLESS he comes up with the money- this is mafia type oppression and shouldn’t be allowed-


52 posted on 03/22/2024 10:36:56 AM PDT by Bob434
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To: ChicagoConservative27

I’d like to suggest dumping $400+ million on the court in pennies.


53 posted on 03/22/2024 10:42:48 AM PDT by DPMD (ua)
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To: ChicagoConservative27

Trump might want to check with Judge Moron if the price is too much. 🤔


54 posted on 03/22/2024 10:51:37 AM PDT by virgil (The evil that men do lives after them )
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To: JudyinCanada

He’s not selling. It’s a merger so I believe the value of his stock in Truth increased beyond what its value was before the merger.


55 posted on 03/22/2024 10:57:44 AM PDT by McGavin999 ( A sense of humor is a sign of intelligence, leftists have no sense of humor, therefore……)
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To: ChicagoConservative27

Let them eat stock.


56 posted on 03/22/2024 10:58:36 AM PDT by xoxox
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To: Sacajaweau

I agree he will not sell his shares!


57 posted on 03/22/2024 11:08:38 AM PDT by Boardwalk
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To: Sacajaweau

I pray that all those that can buy DJT stock, do so.
I pray this IPO goes through the roof!


58 posted on 03/22/2024 11:42:20 AM PDT by redshawk ( I want my red balloon. https://youtu.be/VexKSRKoWQY)
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To: chuckee

It seems unlikely the Board will waive any cool-down requirements before selling shares. Trump’s own legal fights could have an unanticipated impact on the share price, and the 4 “founders” are all suing and counter-suing each other over the ownership distribution language.


59 posted on 03/22/2024 12:06:54 PM PDT by Bob Wills is still the king (Just a Texas Playboy at heart)
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To: G Larry

Is there some reason for the March 25th deadline or Letitia just picked that date on a whim?


60 posted on 03/22/2024 12:25:49 PM PDT by Verginius Rufus
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