The former US president is grappling with a number of legal cases against him – including the fallout from a $454m judgement in a civil fraud case in New York.
Donald Trump’s social media company, Truth Social, is set to go public – potentially netting the former US president $3bn.
It means Trump Media & Technology Group (TMTG), whose flagship product is the social networking platform, will soon begin trading on the Nasdaq stock market.
In a vote held on Friday, Digital World Acquisition Corp, a publicly traded shell company, approved a deal to merge with Mr Trump’s media business.
The deal values his majority stake in the company at about $3.6bn (£2.8bn).
The windfall could prove vital as Mr Trump grapples with the financial fallout of a string of legal cases against him, including a $454m (£356m) judgment in a civil fraud case in New York.
