Posted 3/24/2024, 6:00:26 PM
Trump's Truth Social Merges in $3B Deal, But Can't Yet Access Shares
- Donald Trump's social media company, Truth Social, completed a merger that values the company at over $3 billion
- The merger could net Trump personally over $3 billion based on his majority stake in the company
- The company will trade publicly under the stock ticker DJT as soon as next week
- There is a lockout provision preventing Trump from immediately selling or using his shares as collateral
- Trump faces a Monday deadline to secure a financial guarantee for his $464 million civil fraud judgment