by: Sterling Mosley 04.22.2024
Presumptive GOP nominee Donald Trump is on the brink of a monumental financial windfall. An 'earnout' bonus is set to grant him access to a staggering 36 million shares of Trump Media and Technology Group, currently trading as the ticker 'DJT' at approximately $35 a share. This bonus, a game-changer for a man running a costly presidential campaign, could potentially make Trump over a billion dollars richer. The stock, which initially opened at around $70 before soaring to about $80, has experienced some fluctuations in recent weeks but has consistently remained above the $17.50 benchmark for 30 days, thereby paving the way for the bonus to be awarded to Trump.
The 36 million shares given to Trump are in addition to the 78.75 million shares he already owned, making him by far the company's biggest shareholder. With the infusion of stock in the coming days, Trump's net worth will increase dramatically, given that the total value of his holdings equates to over $4 billion at the current stock price.
"Assuming the full issuance of the Earnout Shares, President Donald J. Trump will receive 36,000,000 Earnout Shares," the company explained in a securities filing, per CNBC. The Trump Media and Technology group merged with Digital World Acquisition Corp. last month after being approved by shareholders.
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https://dcenquirer.com/breaking-trump-set-to-receive-1-25-billion-in-truth-social-stock
