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The Securities and Exchange Commission (SEC) has approved the merger between Digital World Acquisition Corp (DWAC) and Truth Social, a move that is expected to significantly increase former President Donald Trump's wealth by almost $4 billion. If shareholders approve this merger, it would allow Trump Media to become a public entity, with Trump owning a stake estimated to be worth around $4 billion. This development has been described as potentially tripling Trump's net worth in an election year.
The SEC agrees to let Donald Trump take Truth Social public. He owns $4 billion in shares at its current valuation. https://t.co/CaDNV3UltH https://t.co/CaDNV3UltH
.@timcast on Trump's Truth Social deal: "Donald Trump is tripling his net worth right now in an election year." https://t.co/bVjV7ZWXog
🚨BREAKING: The SEC has just approved the merger of $DWAC and Truth Social. Donald Trump is expected to profit almost 4 BILLION dollars from the merger. https://t.co/DuKyKeOY4J
