They can sue President Trump for millions on completely bogus grounds, but it looks like the 45th President will get the last laugh after all.
Despite the deep state trying to bankrupt the former President, his fortunes seem to be rising.
According to the latest reports, the SEC has approved a merger deal between Truth Social and DWAC.
The former President has a fairly large stake in Truth Social that is set to skyrocket to $4 billion once the deal has gone through.
Truth Social is also reportedly gearing up to go public—which should also raise the value of President Trump’s shares in the company. Take a look at what everyone is saying:
BREAKING: The SEC has approved of the merger between $DWAC and Truth Social, making Donald Trump’s 58% stake in the company worth an estimated $4 billion based off the current stock price in the deal.https://t.co/yyDrmw7JSr pic.twitter.com/zwxHhwP15f
— Danny C (@DannyC1111_DC) February 17, 2024
The SEC approved the merger of $DWAC and Truth Social. President Trump is expected to profit $4B from the transaction.
How do you think these Soros funded leftists trying to bankrupt Trump will respond? #Trump #Fani #LeticiaJames pic.twitter.com/nLqvjFoSgU
— Bill Ellmore 𝕏 (@BillEllmore) February 17, 2024
CBS News confirmed:
If the merger is completed, Trump would own nearly 79 million shares in the new business, or as much as 69% of the combined company, a DWAC filing shows.
That stake could be worth as much as $3.95 billion based on DWAC’s stock price on Thursday.
YourVoice CEO and host Bill Mitchell commented: “I see the liberal media proclaiming that “Trump is a broken man!” after the $350 million NY verdict.
Of course they fail to mention Trump just made $4 billion on the DWAC / Truth Social merger with only a 6-month lock-up period. If Trump looks like he is going to win the election, that $4 billion will skyrocket.”
I see the liberal media proclaiming that "Trump is a broken man!" after the $350 million NY verdict.
Of course they fail to mention Trump just made $4 billion on the DWAC / Truth Social merger with only a 6-month lock-up period. If Trump looks like he is going to win the…
— Bill Mitchell (@mitchellvii) February 17, 2024
Did you know..?
The U.S. Securities and Exchange Commission (SEC) has approved the merger of Trump's Truth Social & Digital World Acquisition Corp ($DWAC). Deal that could be worth as much as $10B. Trump expected to profit almost $4B given his 58% stake at current stock prices. pic.twitter.com/qEbzWOTHgg— A. Rios (@easternair355) February 17, 2024
Fortune noted:
DWAC stock has been largely stuck in neutral for the past year, trading in the $13-$17 range.
About a month ago, it began to climb sharply, much like a meme stock, more than doubling its price in just days.
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