tlcya
mother daughter sister wife friend paralegal
- Joined
- Oct 28, 2009
- Messages
- 43,811
- Reaction score
- 81,736
Former President Donald Trump could become more than $3 billion richer after shareholders of Digital World Acquisition on Friday approved a merger with his Truth Social media site.
And he could use the money.
[snip]
But the ins and outs of the deal, based on share prices and a faddish 'special acquisition purpose acquisition,' mean he may not be able to lay his hands on as much as $3.5 billion for six months.
[snip]
In the case of Digital World Acquisition and Trump Media and Technology Group, Trump must hold the share for six months.
That is a problem for Trump, who faces a Monday deadline to find a bond that would guarantee payment of a $454 million civil-fraud judgment against him. So far he has been unable to find a company that will back him, and risks having property or companies seized.
Could Trump's $3.5 BILLION windfall from Truth Social come too late?
And he could use the money.
[snip]
But the ins and outs of the deal, based on share prices and a faddish 'special acquisition purpose acquisition,' mean he may not be able to lay his hands on as much as $3.5 billion for six months.
[snip]
In the case of Digital World Acquisition and Trump Media and Technology Group, Trump must hold the share for six months.
That is a problem for Trump, who faces a Monday deadline to find a bond that would guarantee payment of a $454 million civil-fraud judgment against him. So far he has been unable to find a company that will back him, and risks having property or companies seized.
Could Trump's $3.5 BILLION windfall from Truth Social come too late?