DWAC Shareholders Greenlight Merger with Trump's Social Media Firm
👉 Key Highlights:
📍 $Digital World Acquisition Corp(DWAC.US$ shareholders approve merger with Trump Media & Technology Group.
📍 Merger paves way for Truth Social's parent company to go public.
📍 Shares to trade under symbol DJT, Trump's initials, potentially next week.
📍 Merger could yield Trump an eventual $3 billion windfall.
📍 Legal challenges against the merger's terms have not delayed the vote.
📍 Trump to receive nearly 80 million shares in the newly merged entity.
📍 Share lock-up period restricts immediate sale of Trump's shares for six months.
📍 Board could potentially lift share lock-up early, boosting Trump's liquidity.
📍 Trump faces significant legal and financial challenges, including a $454 million fraud judgment.
📍 Despite legal expenses, Trump claims to have "almost five hundred million in cash".
📍 $Digital World Acquisition Corp(DWAC.US$ shareholders approve merger with Trump Media & Technology Group.
📍 Merger paves way for Truth Social's parent company to go public.
📍 Shares to trade under symbol DJT, Trump's initials, potentially next week.
📍 Merger could yield Trump an eventual $3 billion windfall.
📍 Legal challenges against the merger's terms have not delayed the vote.
📍 Trump to receive nearly 80 million shares in the newly merged entity.
📍 Share lock-up period restricts immediate sale of Trump's shares for six months.
📍 Board could potentially lift share lock-up early, boosting Trump's liquidity.
📍 Trump faces significant legal and financial challenges, including a $454 million fraud judgment.
📍 Despite legal expenses, Trump claims to have "almost five hundred million in cash".
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Simon 5183 : The legal challenge did not delay the vote in violation of the merger terms. Is the US securities law good? If you break that provision, say it and show it to everyone!