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BAD NEWS FOR DEMOCRATS TRYING TO BANKRUPT TRUMP

From breitbart.com

Former President Donald Trump stands to get a windfall of $3.5 billion now that shareholders of Digital World Acquisition Corp. have approved a merger with his Truth Social on Friday.

The potential multibillion dollar infusion comes as New York Attorney General Letitia James is moving to seize Trump's assets to pay a $464 million bond in his New York civil fraud case.

On Friday morning, shareholders of Digital World Acquisition Corporation (DWAC) - which is a SPAC, or special purpose acquisition company - approved a long-delayed merger with Trump Media & Technology Group - unlocking significant resources for the expansion of Truth Social and also providing Trump himself with a major payday worth several billion dollars.

The long-delayed merger came after the Securities and Exchange Commission (SEC) approved it last month, and means that Trump's company Trump Media & Technology Group will trade on the stock market under the stock ticker "DJT" as early as next week.

Trump will own nearly 79 million shares in the newly-merged company, which is currently around $41 per share.

The former president will not be able to cash in his stake until six months after the merger, but Talking Point USA's Founder and CEO Charlie Kirk posted on X that Trump could seek a waiver to do so in order to pay the bond so he can appeal the fraud case.

Trump's lawyers had said earlier this week - before the merger - that it would be a "practical impossibility" to pay the bond in cash.




Comments

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    The sooner Trump can pay the half billion dollar fine and begin the appeals process, the sooner this lawfare case can be overturned for the political persecution of a political opponent that it really is. Then, Trump should counter sue NY. Then, after suing NY, move out. Watch the libtards melt as he takes away their tax income.

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