Donald Trump's potential windfall from Truth Social merger
Former President Donald Trump stands to receive a windfall of $3.5 billion from the merger of Digital World Acquisition Corp with his Truth Social. New York Attorney General Letitia James is moving to seize Trump's assets to pay a $464 million bond in his fraud case.
Key Points
- Shareholders approved the merger of Digital World Acquisition Corp with Truth Social
- Trump's company will trade on the stock market under the ticker 'DJT'
- Trump may need to seek a waiver to liquidate his stock to pay the bond in his fraud case
Pros
- Trump could receive a significant financial boost from the merger
Cons
- New York Attorney General is seeking to seize Trump's assets for a civil fraud case