Donald Trump’s media company is going public in a move that is expected to net him a $3 billion-plus windfall.

After a nearly two-and-a-half-year delay, shareholders in Digital World Acquisition Corporation voted Friday to approve a merger with Trump Media & Technology Group, the private company that owns the Truth Social app platform.

The newly combined company will be called Trump Media, and shares could begin to be publicly traded next week under the stock symbol DJT, which are Trump’s initials.

The merger comes as New York Attorney General Letitia James appears to be positioning herself to start seizing Trump assets to collect on a staggering $454 million judgment against him in a civil fraud case she vowed to pursue on the campaign trail before taking office.

Trump will own nearly 80 million shares of the merged company, which amounts to about 60 percent. Given Digital World’s current share price, that amounts to around $3.3 billion.

Turning Point USA founder Charlie Kirk rushed to social media to share the breaking news.

“Shareholders have just voted to make Trump Media & Technology Group, the parent company of Truth Social, a publicly traded company. This could net Trump a windfall of $4 billion,” he tweeted. “The President would need to seek a waiver to liquidate his stock before the end of a lockup period in order to use the cash to secure a $450 million bond in the Letitia James, ‘Get Trump’ fraud case to then appeal the decision. Trump has nearly $500 million in cash, but experts claim he needs $1 billion in cash to secure a bond that size. The merger approval means TMTG stock will trade on Nasdaq as ‘DJT’ as early as next week.”

BREAKING: Shareholders have just voted to make Trump Media & Technology Group, the parent company of Truth Social, a publicly traded company. This could net Trump a windfall of $4 billion. The President would need to seek a waiver to liquidate his stock before the end of a…

— Charlie Kirk (@charliekirk11) March 22, 2024

Here’s a quick sampling of responses to the story, as seen on X:

The public trading of TMTG stock will likely attract considerable attention and scrutiny from investors, analysts, and the public, given Trump’s prominent role and the controversies surrounding his media venture. The outcome of both the legal case and the company’s performance in…

— Fakhar Mangan (@MuhammadFakha15) March 22, 2024

Trump has repeatedly predicted the unjust
outcomes from all the bogus judgements….

Letitia James, “Get Trump” ….
She’s about to get Schooled ….

Trump Said :
Success will be my Retribution

— Cyndexia America Truther (@TrutherAmerica) March 22, 2024

Depending on the IPO, this could be one of the fastest growing stocks in the HISTORY of humanity, lol.

— Joseph Jernigan (@jjernigantweets) March 22, 2024

It’s disgusting that the ones supposedly here to uphold the law have weaponized it against an innocent man. You work your whole life to attain what Trump has just to have someone “legally” steal it.

— Wokeville (@wokeville_USA) March 22, 2024

Interesting. Let’s see how the Democrats bend the rules to try to thwart this.

— Mocking SF Values (@Mockingsfvalues) March 22, 2024

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Tom Tillison

Senior Staff Writer
Tom@bizpacreview.com

The longest-tenured writer at BizPac Review, Tom grew up in Maryland before moving to Central Florida as a young teen. It is in the Sunshine State that he honed both his passion for politics and his writing skills.

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