Shareholders Vote Yes To Trump's Merger

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Shareholders have voted yes to the merger. This answers questions I had below, in 15 February 2024 post.

Breaking news this evening will be welcomed by former President Donald Trump. His company, Trump Media and Technology Group, which produces Truth Social, his online drumbeat has been cleared by a Securities and Exchange Commission ruling, to merge with a company called Digital World Acquisition Corp (DWAC).

Apparently, DWAC shares jumped 15% after the announcement, but shareholders will vote on the merger first.

What does this mean for Donald Trump’s bank account? If more people regard it as just a business opportunity and don’t care about the ‘truth’, does this mean he has deep pockets to fight the U.S. justice system in perpetuity?

I don’t know much about companies going ‘public.’ I’ll wait until some Wall Street experts explain how it works, and implications for the 2024 presidential election.

Nonqaba waka Msimang

Executive Blogger

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