Trump Social Media Company to Go Public - $DJT

[bigwave]

Trump Social Media Company to Go Public – A Deal That Could Net Trump $3 Billion+ Windfall

bigwave comment: I have said it before and will say it again, if Mr. Trump is an "idiot" then I want to go to Idiot School....

Shareholders on Friday voted to take Trump’s social media company public.

 

Investors in Digital World Acquisition Corporation ($DWAC) approved the special purpose acquisition company (SPAC) to merge with Trump Media & Technology Group, the parent company of Truth Social,  to become a newly combined publicly traded entity.

 

The new entity will publicly trade under the stock symbol $DJT as early as next week.

 

$DJT will debut with a market value of more than $5 billion and President Trump’s 60 percent stake of the company could be worth about $3 billion.

 

Trump will have 80 million shares but he will be barred from selling them for at least 6 months.

 

The board of directors however could vote to allow Trump to sell his shares earlier.

https://www.thegatewaypundit.com/2024/03/just-trump-social-media-company-go-public-deal/

[divemaster5734]

I was able to buy shares of DWAC on Friday.

I'm up by over 100% as of now.

For an hour or so was at 240% and kicked myself for not going bigger, but I wasn't sure if DWAC would convert to DJT.

ARGH...