Donald Trump May Soon Receive An Additional $1.26B In DJT Shares: Key Milestone Ahead (UPDATED)
Portfolio Pulse from Chris Katje
Donald Trump's wealth could increase as he may receive an additional 36 million shares of Trump Media & Technology Group (NASDAQ:DJT) if the stock meets certain price milestones. The shares, part of a performance-based earnout from a SPAC merger with Digital World Acquisition Corporation, could boost Trump's stake to 65% of the company. This comes amid volatility in DJT's stock price and concerns over short selling, with the company addressing potential naked short selling in a letter to Nasdaq.
April 22, 2024 | 4:58 pm
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Trump Media & Technology Group may see increased volatility and investor interest as Donald Trump could receive 36 million additional shares, raising his stake to 65%, if the stock meets specific price milestones.
The potential for Donald Trump to significantly increase his stake in DJT based on stock performance milestones could drive investor interest and stock volatility, especially given the recent concerns over short selling and the company's public stance against it. The anticipation of Trump possibly selling shares in the future to fund legal fees and a presidential campaign adds to the speculative nature of the stock's short-term movements.
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