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Weeg

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Donald Trump is set to reap billions from his stake in Truth Social. After significant delays, a blank-check company approved a merger with Truth Social's parent company. As soon as Monday, the company will be relisted to allow public trading using Trump's initials.
 

Weeg

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Trump would have nearly 80 million shares in the merged company. At DWAC’s opening share price on Friday, that would be worth around $3 billion or more, although it is not clear what the merged company’s opening share price will be. The potential windfall for Trump, while massive, could not be immediately realized, at least not under the deal’s current terms. Trump will be barred from selling shares in the merged company for at least six months
 

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