The deal will pump money into Trump Media, which will allow Truth Social to keep operating. Mr. Trump’s personal stake in the company will be worth more than $3 billion on paper.
I don’t know if he can leverage it, as iirc I read that per the terms of this merger the major shareholders can’t divest until 6 months after closing. But he’s only got until Monday to pay and he now has to give the court advance notice about any efforts he’s making to get the bond. So he’s running out of time.
I don’t know if he can leverage it, as iirc I read that per the terms of this merger the major shareholders can’t divest until 6 months after closing. But he’s only got until Monday to pay and he now has to give the court advance notice about any efforts he’s making to get the bond. So he’s running out of time.