Posted 3/25/2024, 8:41:00 PM
Trump's Truth Social SPAC Deal Boosts His Net Worth, But Attempts to Cash Out Could Backfire
- Trump's wealth recently soared to $6.4B due to a SPAC deal with his Truth Social parent company
- Shareholders approved the merger, but Trump cannot sell shares for 6 months per the terms
- Financial experts say the company has little worth if Trump tried selling his approx. $3B stake
- MSNBC analyst says shares would "go to zero" if Trump dumped them as no one would buy at that volume
- Selling a massive stake could open Trump to shareholder lawsuits if the price tanks after he cashes out