Trump will own about 60 percent of the company, which at Digital World’s current share price would be worth about $3.3 billion.
Former president Donald Trump prepares himself before walking out to speak with his attorneys to reporters and members of the media at the Waldorf Astoria hotel in Washington in January. Shareholders voted Friday to take former president Donald Trump’s media company public, a long-delayed move that will open the owner of Truth Social to stock-market investors and grant Trump a stake worth billions of dollars.
He and other investors could earn tens of millions more shares through an “earnout” provision tied to the stock’s performance, Digital World said in an The post-merger company, which will be called Trump Media, could begin trading on the Nasdaq stock exchange as soon as Monday under the ticker symbol of Trump’s initials, DJT. That symbol was also used for Trump’s only other public company, Trump Hotels and Casino Resorts, whichThe merger will net Trump Media $300 million that Digital World initially raised from investors.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Digital World Acquisition Corp: DWAC trades at $1.6B ahead of merger with Trump MediaDigital World Acquisition Corp (DWAC), the beleaguered special purpose acquisition company (SPAC) that has spent years trying to merge with Donald Trump’s social media company, saw its stock skyrocket more than 20% at some point on Wednesday.
Read more »
Trump Media's Merger with Digital World Acquisition Corp. Up for VoteA merger with Digital World Acquisition Corp., which is up for vote Friday, would open the door for Trump Media & Technology Group to soon begin trading on the Nasdaq.
Read more »
Liberal Media Scream: ‘Bloodbath’ is what media are doing to TrumpThis week’s Liberal Media Scream focuses on the media and President Joe Biden’s distortion of former President Donald Trump’s warning of an economic “bloodbath” if he’s not returned to the White House to stop China’s dumping of autos in the U.S. under Biden.
Read more »
Exclusive: Biden Vastly Outspending Trump On Digital AdsThe Biden campaign is outspending the Trump campaign by a wide margin in digital ads, allowing Biden to target voters in key battleground states.
Read more »
After a Year in Exile, Parler Is Back on the Web. But Why?After a year in digital exile, the controversial social media platform is launching a comeback.
Read more »
Mountain lion spotted on camera roaming California cityRenee Schmiedeberg is a digital media producer for NBC San Diego.
Read more »