Trump only owns TMTG, not DWAC. When the merger happens, he is majority owner. That’s why they got rid of the PIPE investors as they would have had the ability with the shares they got to own more than DJT. Not good.
“Trump only owns TMTG, not DWAC.”
$$$$$$$$$$$$$$$$$$
You are correct - I did not provide accurate information.
The 90% figure appears to be for TMTG stock, not DWAC.
“That’s why they got rid of the PIPE investors as they would have had the ability with the shares they got to own more than DJT. Not good.”
The pipe investors left because the deadline for the merger passed.
If the merger had gone at $56 a share, Trump would get about 110 million shares and the pipe investors about 39 million.