Shareholders of Digital World Acquisition Corp. (DWAC), which saw a pre-vote increase of 2.8%, voted on Friday to approve a merger with Trump Media & Technology Group, the parent company of Truth Social, a social networking site. This approval paves the way for Trump Media & Technology Group to become a publicly traded company under the stock ticker $DJT, potentially as early as next week. Former US President Donald Trump, who owns 58% of the company or nearly 79 million shares, stands to gain a substantial financial windfall from the deal. Estimates suggest that Trump could net over $3 billion, with some reports indicating a potential windfall of up to $4 billion. The merger comes at a crucial time for Trump, who is facing a $454 million penalty in a civil fraud case in New York. Following the approval of the merger, DWAC's stock experienced a significant drop, going down by 8.5%.