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👊🏻

Letitia James BIG MAD !!!

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?

The Left thinks that if they bury me with enough witch hunts and intimidate my family and associates that I’ll eventually throw up my hands and give up on our America First movement.

Let me be as clear as possible:

I WILL NEVER STOP FIGHTING FOR YOU

Tit for tat bs. Has to stop.

We aren't kids on a playground. We are talking about American lives.

Who bought FB & Twitter?

Those weren't exactly raking in cash when they went public[has Twitter ever turned a profit].

Your pissing and moaning in this thread is quite humorous.

At the IPO? Apparently smart people. Can we agree on that?

Without Trump what demographic are you reaching?

Facebook etc...they reached out to everyone.

If you only speak to 24hr devotees about Trunp, we'll good luck.

Are you speaking about D vs. R or???

There is this thing called board of directors

Ok.

Trump leaves. Will you, personally, listen to the platform?

Modern politics...listen to Trump.

Trump should be allowed to piss on her forehead.

Lets get this straight, not everyone is in FB

There ya go...tit for tat.

Looking for revenge...well done.

Looked below. And slow down.

Your point was, who will steer the ship in Trump's absence.

Who here would allow a man to piss on their daughter's face?

Seriously.

All politicians say lots of sh--

My preference is actions[Trump did like most of his predecessors and took no actions against those he felt wronged him, the other side? Not so much].

Starting with RussiaGate and carrying through to today ARE actions perpetrated by those that feel it is all just.

So how does it end when one side refuses to move forward without slinging every item available at that wall hoping something, anything will stick.

Edit: the 'holier than thou, I'm above all of this' is old, moldy and has a stench at this point, you should give it a rest.

Seriously.

While I may agree on some points.

You claim "move forward."

Putin is not our friend. Nor, Xi. Or the leader of North K.

Are these people your friends?

The populace would give their lives for rice.

Think about that...die for rice.

But Q, great American, says none of these realities make any sense.

Trust wrat...

At what point will Christians make this stop?

Historians

I'm a live and let live type.

The people that would be my friends are the very people that would give their lives for rice.
I'm a very simple man living a very simple life.

The leftists have made it clear that there can be no moving forward until all bow to those in power.
I'll die for[against] that cause if and when it comes to it.

Christians? Seriously, Christians?

We had a Governor here in Virginia a little back that purported himself to be 'Christian' while telling all who would listen that it's okay to kill a baby the moment it is born.
Those Christians?

EDit: I said we can't 'move forward'

Jag, claims Christ. Maybe you should ask him ?

that's an ugly ass Ape look alike.

She's look quite stunning wearing a hemp necklace.

Hahahaha.

Duno, but you support a guy that sniffs little girls hair and takes a shower with his daughter, sooooo

Do you believe that the Trump name will be gone from the government when Donald J. Trump is gone?

Trump can’t post on Truth Social after the company goes public??

Without Trump what demographic are you reaching?
The demographic that doesn’t want free speech censored.

Jcubed seems a little triggered.

He must have thought, "They really got him this time!" LOL!!

He's hurting for liquid assets.

He's got hundreds of billions in real-estate.

The problem is, NY commies have made it impossible to do business with him.

No one would come in and pay FMV for his real estate, because the commies will just go after them.

Freedom seakers need to leave these commie states.

Get back to us when you can report THAT BIG B ITCH BE DEAD... courtesy of some Muslim Taxi Driver in NYC, who ran her over on the corner as he screamed Allah Akbar!

OK, here are the numbers near as I can figure;

Trump Media merged with DWAC (a SPAC). DWAC has 400,000 shareholders, reportedly mostly retail MAGA supporters.

The combined corporation will be trading symbol DJT (ha, ha) (DWAC goes away), DJT expected to open at $40 since it was a one for one exchange and DWAC has been trading at (about) $40.

There will be 136 million shares of DJT outstanding after the merger, Trump owns 79 million or 58.1%. Those shares are locked-up (six months), so there would be (136-79=) 57 million shares in the float, presumably trading at $40 each.

136 million shares x $40 = $5.440 Billion DJT total market valuation. $5.440 Billon x .581% = $3.161 Billion Trump's shares (or $40 x 79 million shares if you prefer)

Doesn't take a rocket scientist to figure out with at least 81 million (voters) supporters, they could buy the entire float (57 million shares) to support the stock without breaking a sweat. Buy it and throw it in the drawer (so to speak). Any potential buyers show-up, tell them "from my cold dead hands". Ha, ha.

Just say'n .........

Or, you can buy beer and cheetos. Which will wind-up in the toilet.

Some publicly available information - do your own due diligence;

https://www.msn.com/en-us/money/com...could-net-him-over-3-billion/ar-BB1kmjUx
https://www.nytimes.com/2024/03/22/business/trump-media-merger-truth-social.html
https://www.cbsnews.com/news/trump-truth-social-spac-stock-value-djt/
https://www.msn.com/en-us/money/com...1f5bfdb94d454b9e63e5b32d3ece19&ei=44

Thanks, but how does this give Trump $500 Million in cash by Monday morning?

It doesn't. And I didn't say it did. That's a different subject.

Gotchya