Trump To Maintain Control Of Media Company If He Sells Majority, Goes To Jail Or Becomes President
Portfolio Pulse from Chris Katje
The merger between Trump Media & Technology Group (TMTG) and Digital World Acquisition Corporation (DWAC) has faced several setbacks and is yet to be approved. The vote for the merger has been extended to Dec. 31, 2023. Despite facing legal challenges and potential jail time, former President Donald Trump is expected to maintain control of the media company even if he sells most of his shares. This is due to a new class of stock that will see Trump as the only holder, giving him 55% voting power of the new entity.
August 16, 2023 | 5:12 pm
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The merger between DWAC and TMTG, if approved, could potentially boost DWAC's stock. However, the legal challenges faced by Trump could introduce volatility.
The merger with TMTG could potentially increase the value of DWAC's stock. However, the legal challenges faced by Trump, who is expected to maintain control of the company, could introduce uncertainty and volatility into the stock's performance.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100