Could Donald Trump sell stock from the « merger” of Trump Media and Digital World Acquisition Corp. to cover his bond in New York?
Now that Donald Trump’s “media merger” — combining Trump Media & Technology Group (which operates the social media platform Truth Social) and the SPAC known as Digital World Acquisition Corp. — has been approved, folks are wondering: Could the former president sell the stock to cover his bond in the New York fraud judgment?
There are of course all sorts of lenders, but it is not obvious what kind would be willing to lend Trump a sum of money as large as he needs against his share in a company without significant revenue or profit — especially a company so dependent on one man.
News reports suggest that his 79 million shares could be worth more than $3 billion, but it is very hard to predict how shares of Trump Media will actually trade.
