Shareholders of Digital World Acquisition Corp. (DWAC), which saw a pre-vote increase of 2.8%, voted on Friday to approve a merger with Trump Media & Technology Group, the parent company of Truth Social, a social networking site. This approval paves the way for Trump Media & Technology Group to become a publicly traded company under the stock ticker $DJT, potentially as early as next week. Former US President Donald Trump, who owns 58% of the company or nearly 79 million shares, stands to gain a substantial financial windfall from the deal. Estimates suggest that Trump could net over $3 billion, with some reports indicating a potential windfall of up to $4 billion. The merger comes at a crucial time for Trump, who is facing a $454 million penalty in a civil fraud case in New York. Following the approval of the merger, DWAC's stock experienced a significant drop, going down by 8.5%.
🚨BREAKING: Shareholders just voted to let Trump's company, Trump Media and Technology Group, which owns Truth Social, become a public company, which could earn Trump $4 billion. https://t.co/4wHRUQcdkt
Donald Trump, on paper, is in position to reap several billion dollars after shareholders of Digital World Acquisition Group voted Friday to merge with his social media firm https://t.co/NTLlMrKYqO
Ahh, well. Nevertheless https://t.co/lKmFmc7UUr
Former President Trump’s social media company on Friday completed a long-awaited merger with a cash-rich shell company, raising Trump’s wealth by billions and potentially providing him a fresh source of cash to pay his mounting legal bills. https://t.co/IVniZFXwZ0
Investors greenlight Trump's $5 billion social media deal https://t.co/ntZUvhK31h https://t.co/rpVMTh8SLa
Donald Trump's Truth Social has completed a merger that could net him over $3 billion -- but a provision in the deal keeps him from immediately selling his shares. https://t.co/jMjUgPWMcy
Shareholders in Digital World Acquisition Corporation voted Friday to approve a merger with Donald Trump’s social media company, a deal that could net the former president an eventual windfall of $3 billion or more. https://t.co/a6bfNcySYr https://t.co/2P8WesdaW5
TRUTH PAYDAY: Trump's Shares Worth $3B as Social Network Prepares to Go Public https://t.co/n4vBmWUgrq
Former President Trump could earn $3 billion or more if shareholders in Digital World Acquisition Corp. vote to approve a merger with his social media company. https://t.co/xvyVgAtB7l
Donald Trump's Truth Social has completed a merger that could net him over $3 billion — but a provision in the deal keeps him from immediately selling his shares. https://t.co/am5Vm1LUv1
DWAC shareholders voted to merge with Donald Trump's Truth Social platform this morning With Trump controlling 60% of Truth Social, he could net himself ~$3 billion But shares of DWAC fell fast immediately after the news https://t.co/S0jEXBBv9K
JUST IN: Trump Social Media Company to Go Public – A Deal That Could Net Trump $3 Billion+ Windfall via @gatewaypundit https://t.co/3YK4Jz8Nqb
Trump set for $3.3 BILLION windfall as shareholders vote to take his media company that owns Truth Social public https://t.co/zjAwJUNcHb https://t.co/qxLFnL5MJ9
Truth Social is going public. The merger with DWAC was approved on Friday morning, and the deal could give Trump a $3 billion lifeline to cash. Truth Social is Trump's best lifeline, once again. It offered him a beacon when no platform would take him, now it's bailing him out. https://t.co/fIsPmr25uG
While I get that this is a breaking/developing story there's no mention that DWAC and Trump Media began the merger in 2021, less than a month after DWAC began trading. DWAC started with help from a Shanghai-based firm amid alleged insider trading. https://t.co/j5EEIrgY5h
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… https://t.co/d5v8qidgQ5
Trump’s Truth Social wins OK to go public, ex-president’s stake worth more than $3B https://t.co/i7uDXaiJxi https://t.co/H7JYQjhUr0
Trump set for windfall from Truth Social deal, with DJT ticker ready to scroll - https://t.co/89ciCKCh0u
OH MY GOODNESS. $DWAC — The Donald Trump SPAC that owns Truth Social — is going to despac next week at a $5.5 BILLION valuation. The company, Truth Social, does $3M in revenue…. Trump owns 60% so he’s going to make $3.5B off the deal. If he can collateralize his Truth Social… https://t.co/atlymD4gcC
Trump’s social media company will go public after merger with shell company is approved https://t.co/LaAye6E0Si
DWAC’s stock takes a dive after merger with Trump Media approved by shareholders https://t.co/7b6i2jYCcV
Donald Trump’s social media company merged with a cash-rich shell corporation, allowing Truth Social to keep operating. The deal’s approval comes as Trump is facing a Monday deadline to cover a $454 million penalty in a civil fraud case in New York. https://t.co/irQz59TdYD https://t.co/ozLhGd0QU3
Trump in Line for $3 Billion Windfall as Truth Social Goes Public More: https://t.co/Lu01uQqHla https://t.co/9dv6VWgFcS
Truth Social is going public, boosting Trump's net worth by billions days ahead of $454 million deadline in NY https://t.co/8BU9mfV64J
BREAKING: Donald Trump's social media company, Truth Social, is set to go public - potentially netting the former US president $3bn Read more below 🔗 https://t.co/HejERJ1ycI
BREAKING NEWS: Former President Donald Trump came a step closer Friday to reaping a major windfall from his social media firm after investors in a blank-check acquisition company approved a tie-up currently worth about $6 billion. MORE: https://t.co/0dEKoMsJ25 https://t.co/9jiOFxID3F
🚨BREAKING: Shareholders of Digital World Acquisition Corp. (DWAC) approved a merger with President Trump’s media business The merger could net Trump around $3.5 billion. He would own most of the combined company — or nearly 79 million shares https://t.co/t23cTnCVgb
Donald Trump could earn over $3 billion as his company, which runs Truth Social, is set to go public. READ MORE: https://t.co/zYd354DJCd https://t.co/zYd354DJCd
🚨BREAKING: President Trump's Truth Social to go public following DWAC merger vote TRUTH Social will become a publicly traded company following shareholders approving a vote Friday to merge with Digital World Acquisition Corp. Read more ⬇️ https://t.co/qIdSaGrUif
Trump's social media company to go public - potentially netting him $3bn Read more below 🔗 https://t.co/qC5Nnwc1PO
Shareholders just approved a deal to take Truth Social's parent co. public, setting the stage for Donald Trump to become the majority owner of a meme stock worth more than $5B at current value. Recently, I wrote about how he can cash out for @VanityFair: https://t.co/vTcZGR0vbT
Trump’s social media company is going public. He could get $3 billion https://t.co/SbByiqe9Hk
Investors greenlight Trump's US$6 billion social media deal https://t.co/g9mjV1fNdT
NYTimes reports that the Trump SPAC $DWAC had its merger approved. It will soon become stock ticker $DJT under this merger and earn President Trump $3+ billion dollars in stock. Huge deal for President Trump. https://t.co/5LVXq1HrTj
Investors OK a deal to make Truth Social a public company. The news generates a multi-billion dollar windfall for Trump, with caveats. https://t.co/8uvSWyS1y7
DWAC stock tumbles more than 10% after Trump social media merger approved by shareholders https://t.co/m0Hhm6i4RH
Breaking news: Donald Trump’s social media business will become publicly listed after shareholders of a blank cheque company approved the deal, unlocking a potential $3bn-plus windfall for the former US president https://t.co/qNFlrpFXrU https://t.co/0UhqoTEspl
Investors greenlight Trump's $6 billion social media deal https://t.co/QA9bn771uX https://t.co/XAviZQvb52
Trump’s Truth Social Will Go Public After DWAC Approves Merger https://t.co/N17Yzlky2r https://t.co/xNAMxNB1MM
Donald Trump's social media company will go public after a merger with a shell company was approved on Friday, potentially netting the former president stock worth billions on paper. https://t.co/wONKifCAqy
Trump could net $3bn after investors approve Truth Social to go public https://t.co/KCXjWfn1lC
What is Truth Social, Donald Trump’s social media platform? https://t.co/V5gYqvLlmm
Trump's Truth Social is going public via SPAC after DWAC shareholders approve the merger; TMTG will be listed on Nasdaq as early as next week (@danprimack / Axios) https://t.co/wrpQ91dves 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/4PNm8PYj8F
Investors greenlight Trump’s US$6-billion social media deal https://t.co/YmOFP0z35R
Donald Trump just made $3 billion. Truth Social will start trading as soon as Monday and that’s what his stake is worth at current market prices. https://t.co/EdSFmsPD7q
BREAKING: Investors greenlight President Trump’s $6 billion social media deal https://t.co/N56rlL6tnA
Investors approved a plan to take Donald Trump’s Truth Social social-media company public, putting him one step closer to a roughly $3 BILLION windfall that could end a financial squeeze that is weighing on his presidential run Source: WSJ https://t.co/8Ihtvf4NWR
JUST IN - Shareholders approved a merger Friday to list Donald Trump’s social media venture on the stock market, potentially providing some $3 billion to the ex-president. https://t.co/i4PJAUH4e3
🔴 #NewsAlert | Investors approve merger to list Trump social media company | reported by news agency AFP
Trump’s Truth Social will become a publicly traded company as soon as next week. Via Axios: “The vote effectively adds billions of dollars to Trump's net worth, although he's currently not allowed to sell any shares for at least six months.” https://t.co/rTGYSgrVFd
Breaking: Investors approved a plan to take Donald Trump’s struggling social-media company public, putting him one step closer to a roughly $3 billion windfall https://t.co/wtYTWmWXRx https://t.co/wtYTWmWXRx
$DWAC merger was just approved. Expected to start trading next week under the ticker $DJT. Trump will have roughly $3+ Billion in equity. Could help him in the New York case… https://t.co/6624R5DafO
Former US President Donald Trump is a step closer to reaping a major windfall from his social media firm after investors in a blank-check acquisition company approved a tie-up currently worth about $6 billion https://t.co/feA8g3Uiex https://t.co/MCicrJjUx3
#BREAKING Investors approve merger to list Trump social media company https://t.co/GJdS7QNYu6
#BREAKING: Digital World shareholders approve merger with Trump’s Truth Social https://t.co/5PA4qOtyAo https://t.co/xjBPDX5W3I
Donald Trump's social media company will go public, potentially netting the former president stock worth billions on paper. https://t.co/s1okB9sKvP
BREAKING: Donald Trump's media company will go public after a merger, potentially netting the former president stock worth billions on paper. https://t.co/pu06TIHRNs
Digital World Acquisition Corporation ($DWAC) shareholders voted to approve the merger with Donald Trump’s private social media company, Trump Media & Technology Group, the parent company of Truth Social — to become a newly combined publicly traded entity The merger approval…
🚨TRUMP'S TRUTH SOCIAL MERGER APPROVED If Trump’s 58% of a social network with a few million users is reportedly expected to be worth $3.5 Billion- what does that say about the value of X with 550M+ users? I think maybe @elonmusk got a good deal after all? Source: CBS News https://t.co/xfRrpRqOe0
BREAKING: Digital World shareholders approve merger with Trump’s Truth Social https://t.co/9yqGcM3Do2 https://t.co/vrNrfX8bCO
Donald Trump’s Truth Social network approved to go public by shareholders https://t.co/8WCR38xyVo
We're seeing some serious 'buy the rumor, sell the news' action in $DWAC after shareholders approved merger with Truth Social. Down 8.5% and counting. https://t.co/4sr7AImBJZ
Donald Trump could make over $3 billion once the right-wing social network is publicly traded. Yes, $3 billion. https://t.co/0CMV0Z8Fqu
Trump Media merger wins investor approval, netting Trump potential windfall https://t.co/eTkYAq7XQw
BREAKING: Truth Social parent company Trump Media & Technology Group to become publicly traded company https://t.co/559Ne9wCcS
Trump's social media company to go public, potentially netting the former president stock worth billions on paper, reports AP
#Breaking Donald Trump’s social media company is set to go public, potentially netting the former US president stock worth billions on paper https://t.co/bD6VkLBBsm
NEW YORK (AP) - Trump's social media company to go public, potentially netting the former president stock worth billions on paper.
Trump social media company will go public as $DWAC shareholders approve merger: CNBC https://t.co/OaJy3XBCmO
Breaking news: Shareholders voted Friday to take former president Donald Trump’s media company public, a long-delayed move that will open the owner of Truth Social to stock-market investors and grant Trump a stake worth billions of dollars. https://t.co/Q2JkhEygK5
BREAKING: Truth Social is now a publicly traded company.
NEW YORK (AP) — Trump's social media company to go public, potentially netting the former president stock worth billions on paper.
INVESTORS APPROVE MERGER TO LIST TRUMP SOCIAL MEDIA COMPANY
Trump Media Merger pumps up Trump’s Truth Social, raises potential source for cash https://t.co/N4JrVw9zL6
BREAKING - Investors approve merger to list Trump social media company https://t.co/nr5SnVXQMJ
Former US President Donald Trump came a step closer to reaping a major windfall from his social media firm after investors in a blank-check acquisition company approved a tie-up currently worth about $6 billion https://t.co/Yg76bKFgu6 https://t.co/FiTgMDkub9
Trump's Truth Social is going public after winning DWAC merger vote BUT Trump’s locked up for six months and who knows where stock will trade by then https://t.co/bjRMknQtbr
🚨TRUMP EYES $3.5 BILLION FROM TRUTH SOCIAL MERGER Trump could pocket up to $3.5 billion as his Truth Social gears up to hit the stock market, pending a crucial shareholder vote this Friday with Digital World Acquisition Corp. If Trump’s 58% of a social network with a few… https://t.co/JrbNjFCbjR
Trump's Truth Social is going public after winning DWAC merger vote https://t.co/qY0RbP4vY8
Trump's Truth Social is going public after successfully merging with DWAC https://t.co/qY0RbP4vY8
BREAKING: Truth Social, Trump's social media platform, will become a publicly traded company after its merger with blank check company Digital World Acquisition Corp. https://t.co/i0tv4jLS5L
DWAC Trump Media merger is approved. Trump is getting his publicly traded company, again and more than $3 billion increased net worth.
DWAC shareholders are voting today on its proposed merger with Truth Social's parent company. If successful, Trump's social media company could become a publicly listed company by as early as next week. https://t.co/9gwkeJk6RC
Trump's social media company finally gets its chance to go public https://t.co/N9nmIXEzEG
Trump windfall could top $3 billion after DWAC shareholder vote on social media merger https://t.co/ZJhzwQic0t
DWAC’s stock rallies ahead of results of vote on Trump Media merger https://t.co/GjlbpAMGX9
Truth Social may soon go public, and Donald Trump could own a stake worth $4.1bn. But after being fined nearly half a billion dollars for fraud at his property business, will the deal help him in his current cash crunch? https://t.co/7TpnIRdj3J 👇
$DWAC (+2.8% pre) Donald Trump Needs Cash. DWAC To Vote On Trump Media Merger This Week. - IBD https://t.co/wx4LpWHgY9
Trump stands to make over $3 billion if Truth Social debuts at Wall Street https://t.co/njaFWZb7lt https://t.co/60VTDO8NWj
A vote Friday by shareholders could approve a merger deal opening the door for Trump Media & Technology Group, whose flagship product is the social networking site Truth Social, to soon begin trading on the Nasdaq stock market in Digital World’s place: https://t.co/H1VmFgZ8ed
Trump’s poised to make billions from Truth Social going public. If the long-anticipated merger between DWAC and Truth Social is approved by shareholders this Friday, Trump will reap $3.5 billion in stock value as the company hits Wall Street. Follow: @AFpost https://t.co/vin3XJLpIS
Trump’s Truth Social may be headed to Wall Street. If the long-anticipated merger between DWAC ($DWAC) and Truth Social is approved by shareholders this Friday, Trump will reap $3.5 billion in stock value and the company will be taken public. Follow: @AFpost https://t.co/pLyJQzcPB6
Trump is in line for a $3.5 billion windfall from stake in Truth Social https://t.co/ft8qenC3W6 https://t.co/WhEc5WqgPK
Donald Trump’s supporters are pushing to hand him a nearly $3.5 billion windfall by driving up the value of his also-ran social-media platform Truth Social, which is on the cusp of getting approval to list on the stock market https://t.co/9ncRNnBxje https://t.co/9ncRNnBxje
Wall Street Debut of Trump’s Truth Social Network could Net Him Stock Worth Billions on Paper https://t.co/NMxbEDgPww https://t.co/Gvp9UgbbES
The Wall Street debut of Donald Trump's Truth Social network could give him stock worth billions of dollars on paper. But the former president probably will not be able to cash it out right away, unless some things change. https://t.co/KLUdRp0ZAv
Trump could score $3.5 billion from Truth Social going public. But tapping the money may be tricky. https://t.co/Q3rsm1vcLa
Truth Social has performed poorly as a business. Yet it could be the best investment Donald Trump has ever made. Here’s how the former president could make billions and when he might be able to profit from his investment. https://t.co/7d3gVPyRar https://t.co/7d3gVPyRar
Wall Street debut of Trump’s Truth Social could net him stock worth billions https://t.co/p6jM5nssFO https://t.co/PXnmHJ0cd7
Trump stands to make $3.5 billion from his 60% share of Truth Social now that it has become a meme stock. https://t.co/LZk6bcZhX1
Wall Street debut of Trump’s Truth Social network could net him stock worth billions on paper https://t.co/8QddgLFCqT https://t.co/KRqrEbdaff
Truth Social's valuation is up to $6 billion. When it goes public, as will likely happen within a few weeks, Trump's share will be worth $3.5 billion. Dem prosecutors are going to have to bring many more cases to ensure he has no cash for 2024. https://t.co/793s0NJ68q
Wall Street debut of Trump's Truth Social could net him stock worth billions on paper https://t.co/kdEIx01Dun
Wall Street debut of Trump's Truth Social network could net him stock worth billions on paper https://t.co/sCLxYTnTsq
A shareholder vote taking place tomorrow could determine if the parent company of Truth Social will become a public company under the stock ticker "DJT," Donald Trump's initials. If it does, Trump stands to gain over $3 billion, according to the current share price of the SPAC… https://t.co/FlaWgEVBhL
A shareholder vote taking place tomorrow could determine if the parent company of Trump's Truth Social will become a public company under the stock ticker "DJT. " If it does, Trump stands to gain over $3 billion, according to the current share price of the SPAC Trump Media is… https://t.co/FlaWgEVBhL
Former President Donald Trump could be on the verge of receiving a $3.5 billion windfall thanks to his Truth Social platform. More: https://t.co/Z6MySa0KHB https://t.co/keSbgMZZIN
Truth Social Stock Climbs as Trump Backers Buy to Aid President. Read more: https://t.co/WGBzKyBoqK Stock in Donald Trump’s Truth Social platform has soared, valuing the company at around $6 billio...
$DWAC (+3.7% pre) Trump Is in Line for a $3.5 Billion Windfall From Stake in Truth Social - WSJ Supporters who have driven up share price are expected to vote Friday to take company public https://t.co/s4gKxZ9jg4
So soon he'll have a ton of $? "Donald Trump’s stake in his social-media company could soon be worth nearly $3.5 billion, giving the former president a potential windfall that could ease his financial pressure and boost his political campaign" https://t.co/BlGF2WLJhj via @WSJ
Truth Social may soon go public, and Donald Trump could own a stake worth $4.1bn. But after being fined nearly half a billion dollars for fraud at his property business, will the deal help him in his current cash crunch? https://t.co/d91onR2JiO Photo: Getty Images https://t.co/yUxIr8EToB
Donald Trump’s stake in Truth Social, the struggling social-media platform he launched in 2021, could soon be worth nearly $3.5 billion, giving the former president a potential windfall that could ease his financial pressure https://t.co/vVZMgG1ref https://t.co/vVZMgG1ref
Hilarious post about Donald Trump’s Truth Social merger on WallStreetBets… This is old school WSB. $DWAC up +22% today 🚀 https://t.co/D1GAFdyuXS
Hilarious post about Donald Trump’s Truth Social merger on WallStreetBets… This is old school WSB. $DWAC up +18% today! https://t.co/JfL4yJO8Nx
$DWAC shareholder vote to approve the Trump Media & Tech Group's merger is set for this Friday. The deal was announced back in October 2021 with the wildest SPAC trading since. What happens this week/next after approved? Will the deal close quickly or hit another roadblock?