The merger could give Trump a significant windfall—but shares of the blank check firm merging with Trump’s company slumped more than 6% on Friday.
Topline
Former President Donald Trump’s social media platform Truth Social will become publicly traded after Digital World Acquisition Corp. shareholders approved a merger with its parent company on Friday, multiple outlets reported, ending years of delay and potentially offering Trump a significant windfall amid mounting legal fees.Key Facts
Trump would own a majority stake of nearly 79 million shares in the company, according to the Associated Press, which could equate to more than $3 billion at Digital World Acquisition Corp.
