The publicly traded inventory representing Donald Trump’s “media group” took one other dive after Trump and the founders disclosed their intent to take the cash and run.
The corporate’s DJT, -16.88% S-1 submitting with the Securities and Change Fee contains the potential sale of as much as 114,750,000 shares held by former President Donald J. Trump.
That quantity contains the 78,750,000 widespread shares he obtained after the merger with special-purpose acquisition firm (SPAC) Digital World Acquisition closed on March 25. It additionally contains 36 million in “earnout shares,” which can be issued to Trump relying on how the inventory performs over the subsequent three years.
MarketWatch
The one factor nonetheless propping the top off could also be that Trump & firm are locked up till late September. There have been so many issues disclosed, in simply the final week or two, about Reality Social and the Trump media group that nobody can imagine this can be a long-term prospect. If Trump cannot put up from jail, this may increasingly quickly be a moot level.