Truth Social merger approved, giving Trump potential source of cash
- A vote was taken by DWAC shareholders to approve the merger with Trump Media & Technology Group.
- Trump could potentially gain $3 billion from the merger, but will be unable to sell shares for at least six months.
- Trump Media & Technology Group's social networking platform will soon begin trading on the Nasdaq stock market.
178 Articles
178 Articles
Truth Social, IPO... how Trump intends to pay off his record fine
The upcoming IPO of Trump Media and Technology Group should unlock a multi-billion dollar saving windfall for Donald Trump. But time is running out and obstacles remain, while the former American president must complete an examination by Monday...
Here’s what happened the last time Trump tried to take one of his companies public
Former President Donald Trump's Truth Social platform is set for its initial public offering (IPO) as soon as next week after its merger was approved by a special purpose acquisition company. But while Trump himself stands to reap a multibillion-dollar windfall, investors may not be as lucky given Trump's past IPO record.According to NBC News, Trump's last attempt to go public crashed and burned relatively quickly, with investors getting soaked …
The last time a Trump company went public it didn't go well for investors
Donald Trump's social media company could go public as soon as next week, paving the way for a potentially huge windfall for a former president who raked in tens of millions of dollars the last time one of his companies was listed on a stock exchange.
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