Investors Approve Trump's $5.7 Billion Truth Social Deal
Former U.S. President Donald Trump's social media firm moves closer to a major financial boost as investors endorse the merger.
"Trump's $3.3 Billion Stake"The merger values Trump's majority stake at approximately $3.3 billion, a crucial support amidst his legal financial challenges.
Shareholders of DWAC vote in favor of merging with Trump Media & Technology Group, planning a stock market listing.
Lawsuits from former associates and executives threaten the deal's completion, adding to the uncertainty.
Post-merger, Trump faces a six-month lock-up period, prohibiting the sale or collateralization of his shares.
The merger brings a vital $300 million to TMTG, which is struggling with operational losses and debt financing.
Post-merger valuations could skyrocket TMTG’s worth up to $8.6 billion, driven by investor enthusiasm and stock performance.
A significant surge in Digital World's stock price reflects strong support from Trump backers and retail investors.
Truth Social's user growth highlighted against the backdrop of Trump's following on various social media platforms.
Trump's potential majority ownership amid legal and regulatory hurdles, and TMTG's strategic moves to engage supporters.