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Truth Social parent company Trump Media & Technology Group to become publicly traded company

Shareholders voted in favor of Trump Media & Technology Group (TMTG) merging with its special purpose acquisition company (SPAC) Digital World Acquisition Corp., a publicly traded shell company.

The merger approval means TMTG stock will trade on Nasdaq as "DJT" as early as next week.

President Trump, the presumptive 2024 GOP presidential nominee, holds 78.7 million shares in Trump Media & Technology Group. His personal stake in the company at its current stock price of approximately $44.17 would be worth between $3 billion and $4 billion.

There is a six-month lock-up on Trump's shares, but the board could vote to waive that rule.

The merger brings Truth Social, which describes itself as a free-speech platform and a "safe harbor" from censorship on other Big Tech platforms, approximately $300 million to expand the platform.

TMTG's CEO is Devin Nunes, who joined the company in December 2021 after retiring from nearly two-decades in Congress.

Trump Media & Technology Group (TMTG) merged with its SPAC, Digital World Acquisition Corp. after years of delay amid U.S. Securities and Exchange Commission investigations looking into alleged pre-targeting by DWAC. Pre-targeting refers to a SPAC discussing a potential merger with a merger target before they are allowed to hold those discussions.

Last month, though, the SEC approved the merger.

Trump Media & Technology Group first launched in October 2021.

Trump launched Truth Social in February 2022, a year after he was banned from platforms such as then-Twitter, now-X, Facebook and Instagram, following Jan. 6, 2021. Those bans have been lifted.

FOX Business

MAGA👊🏻

Yeah I watch that this morning on Trish Reagan. He has to hold on to his assets for at least six months before he can cash in.

Maybe:

"There is a six-month lock-up on Trump's shares, but the board could vote to waive that rule. "

Could he borrow against that, use it for collateral?

Has anyone asked this question?




What happens if Trump sells and leaves?

The entire company is Trump...

He sells, what actually is the company one invests in?

MAGA!

He could sell 1/4 or 1/2 and still have quite a substantial holding in it.

I'm not giving investment advice. Let's get that clear.

Donald Trump is kinda old.

What is the company without Trump?

Literally, what is it? Trump goes away, what did you buy?

Go Cuckraine!

Another Social Media company?

Ok. Prob called Twitter, formerly known as Twitter.

What happens to those investors who believed in Trump?

The company minus Trump is simply 'another social media' company.

I doubt he would sell 100% of his holding, but who knows.

He's hurtin for money...

100%
That's why I'd venture a guess of selling a partial portion while still retaining the largest stake held[for name recognition etc]

But it's not. It isn't Facebook and meta.

It derives the views from Trump supporters. Those are the clicks...no one else.

That is the problem for investors...if Trump cashes out, which he will. Where does that leave the investor because they "believe?"

I think he'll sell enough shares to cover his "fines", and keep the rest of this stock, because he needs an outlet to get the word out. FB, Instagram, and others sure aren't going to give him a platform to speak. He'll keep that stock and use it to make more money.

From who?

That's what I said...Trump is asking his followers to pay.

Who buys the shares?