Truth Social merger approved, giving Trump potential source of cash ...Middle East

The Hill - Technology
Truth Social merger approved, giving Trump potential source of cash
source : The Hill ( Middle East ) () 150
Shareholders in Digital World Acquisition Corp. (DWAC) approved a merger with former President Trump’s media startup on Friday teeing up Truth Social’s stock market debut and a potential $3.5 billion windfall for Trump. The long-delayed merger between the blank check company and Trump Media & Technology Group received regulatory approval from the Securities and Exchange Commission (SEC) last month.   Trump stands to make about $3.5 billion from the deal, given the nearly 79 million shares he would control in the newly merged company. The potential windfall comes as the former president struggles to secure a $464 million bond in his New York civil fraud case. Trump’s lawyers admit

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