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Truth Social Goes Public! Trump Set To Gain BILLIONS


When things look their darkest, the sun is about to rise.

President Trump’s recent financial woes regarding the Letitia James witch hunt may soon improve.

Truth Social is going public.

Trump is expected to gain between $3.5 and $4 billion from the deal.

Liquidation of his shares would be enough to cover his $454 million bond being demanded by the state of New York.

But it’s not over yet.

Trump would first need to get shareholder approval to sell his shares in the company quickly.

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Nevertheless, things are looking brighter for DJT, and Trump supporters have been happy to hear the news.

With good news like this usually comes a bit of rage from the other side. It’s only a matter of time.

It will be interesting to see how this all plays out.

Trending Politics has more on Trump’s looming influx of cash:

Shareholders for the shell company that controls Truth Social, the social media company founded by former President Donald Trump, have voted to go public, providing the Republican with upwards of a $4 billion windfall during a critical juncture in his ongoing criminal and civil cases.

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A vote by owners of the Trump Media & Technology Group to merge with Digital World Acquisition Corp a special purpose acquisition company or SPAC, would see Truth Social listed on the NASDAQ Stock Exchange under the ticket “DJT.”

If valuations for the new entity hold, President Trump could end up with somewhere between $3.5 and $4 billion in new net assets, according to CBS News. Converting the on-paper value into cold hard cash could be tricky, however.

Trump would need to sign a waiver allowing for the liquidation of his stock before a six-month lockup period. Doing so would allow him to post the $454 million bond needed for his New York real estate judgment.



 

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