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.
BREAKING: Shareholders have just voted to let Trump's company, Trump Media & Technology Group, which owns Truth Social, become a public company, which could earn Trump $4 billion.
NOTE: However, if Trump wants to use this money to help with his legal issues in a fraud case by… pic.twitter.com/d5v8qidgQ5
— Simon Ateba (@simonateba) March 22, 2024
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.
Nevertheless, things are looking brighter for DJT, and Trump supporters have been happy to hear the news.
This is huge!!! Can’t keep him down!! ❤️ pic.twitter.com/afOpFOxsWE
— Johanna (@Malevolentcutie) March 22, 2024
NOT TIRED OF WINNING! 🥳🥳🥳 #Trump2024 https://t.co/jxAPPRb7ni
— 𝐃𝐀𝐍𝐈𝐄𝐋 (@uspolitics123) March 22, 2024
— ASUR (@Mai_ASUR) March 22, 2024
With good news like this usually comes a bit of rage from the other side. It’s only a matter of time.
Trump is now worth an additional $3 BILLION because of Truth Social going public.
Liberal tears incoming!
🤣🤣🤣
— Ryan Fournier (@RyanAFournier) March 22, 2024
Trump’s Truth Social wins the ok to go public.
Trumps stake worth is more than $3B.
Incoming: pic.twitter.com/ReePgX0ssd
— Sara Rose 🇺🇸🌹 (@saras76) March 22, 2024
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.
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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