"If DWAC shareholders approve the merger Friday, TMTG will be a wholly owned subsidiary of Digital World. DWAC will then change its name to Trump Media & Technology Group, according to regulatory filings. If the merger is completed, Trump's 90% stake in TMTG could be valued at around $4 billion, based on DWAC's current stock price."
Makes that $454M judgement look like chump change now doesn't it? He wins again.
......
Shareholders of Digital World Acquisition (DWAC), the special purpose acquisition company aiming to take former President Donald Trump's tech and social-media platform public, are scheduled Friday to vote on the long-awaited merger with Trump Media & Technology Group. DWAC shares advanced early Thursday.
DWAC stockholders are currently set to hold a meeting Friday to approve the special purpose acquisition company's merger with Trump Media, according to federal filings. Meanwhile, Trump is having trouble securing a nearly half a billion dollar bond to appeal his $454 million civil business fraud judgment.
The Miami-based SPAC has a history of postponing and rescheduling shareholder votes.
DWAC aims to take Trump Media and Technology Group (TMTG) public in a reverse merger. Trump Media is the parent of the conservative social-media platform Truth Social.
If DWAC shareholders approve the merger Friday, TMTG will be a wholly owned subsidiary of Digital World. DWAC will then change its name to Trump Media & Technology Group, according to regulatory filings. If the merger is completed, Trump's 90% stake in TMTG could be valued at around $4 billion, based on DWAC's current stock price.
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