Former President Donald Trump is set to receive between a $3.5 and $5 billion bonanza after shareholders of Digital World Acquisition Corp. approved a merger with his Truth Social platform on Friday.
The Securities and Exchange Commission (SEC) approved the long-delayed merger last month, and Trump’s company, Trump Media & Technology Group, will start trading on the stock market as early as next week under the symbol DJT.
Trump will own approximately 79 million shares of the newly merged corporation, which is presently trading at around $41 per share.
Trump’s lawyers said earlier this week, prior to the merger, that paying the bond in cash would be a “practical impossibility,” something the NY communists were hoping for. However, it was reported on Friday that Trump has said that he already has $500 million to file his appeal on the $464 million hit job fraud case against him.
From NBC News:
“Through hard work, talent, and luck, I currently have almost five hundred million dollars in cash, a substantial amount of which I intended to use in my campaign for president,” Trump wrote in a post on Truth Social in all caps. “The often overturned political hack judge on the rigged and corrupt A.G. case, where I have done nothing wrong, knew this, wanted to take it away from me, and that’s where and why he came up with the shocking number which, coupled with his crazy interest demand, is approximately $454,000,000.”
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If I were the Trump Organization, I would get the hell out of New York as quickly as possible. Either sell the buildings, sell the business, or sell the buildings and move the business down to Florida. The Communists in New York hate Trump because of his America First policies, and they are making it impossible for him to do business there. Think of the money in taxes that turns into government revenue that would be pulled if he did that.
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