Posted on 04/29/2024 1:23:58 PM PDT by deport
MONEYWATCH Donald Trump is about to become $1.2 billion richer. Here's why. moneywatch By Aimee Picchi
Edited By Alain Sherter
Updated on: April 23, 2024 / 4:20 PM EDT / CBS News
Donald Trump is about to see his fortune grow by $1.2 billion.
The former U.S. president is set to receive a so-called earnout bonus of 36 million shares in his newly public company, Trump Media & Technology Group, as part of an incentive that was created for the company's public market debut in March, according to a regulatory filing.
For Trump to get the additional shares, which are on top of his current 57% ownership stake of 78 million shares, Trump Media needs to trade at or above $17.50 per share for any 20 trading days within a 30 trading day period. The stock, which trades under Trump's initials, DJT, marked its 20th trading day on Tuesday, which means that Trump qualifies for the bonus given that the stock didn't plunge below $17.50 today.
At today's closing price of $32.56 per share, that values Trump's earnout at $1.2 billion.
Still, Trump won't be able to cash out the new stock immediately. He and other Trump Media executives are largely restricted from selling their shares for roughly another five months. Such lockup periods, as they're known, are common with newly listed companies because they keep insiders from dumping shares shortly after a company goes public, which can destabilize a stock and cause it to sink in value.
(Excerpt) Read more at cbsnews.com ...
“out-bid Soroznazi”
Now that is a GRAND idea! Imagine seeing all of them waving flags, singing patriotic songs, and cheering the Republic!
Since none of them even have a clue what they are doing out there and they have no core principals, they would jump at the chance to make some more coin!
What did the stock initially sell at? Something around $62 it seems. Now, he gets a bonus if it stays above 17 for 4 weeks?
As Jackie Gleason used to say: “How sweet it is!”
Sounds great!
I figure we’re seeming all this disgusting pro- Fakestinian krap because Soroznazi’s figured out that Satan will soon claim him. That he hadn’t much time left on earth to screw it up
They’d accuse him of elected influencing and prosecute him.
“Who currently owns those 36 million shares?”
DJT company. “Printed” on demand like our paper currency.
“If Trump failed to meet the bonus criteria, the shares could be sold on the open market - or - assimilated back into the corporation.”
If so, the shares would never be issued.
“But generally speaking, those shares are often retained by the company for these planned payouts after an IPO. So, granting the shares would not dilute the current value.”
DJT company recently applied for additional shares to be issued which dilutes the value.
“The company owns the shares that aren’t owned by others. Trump just gets a larger personal share.”
The company issues new shares.
Somewhere near 12 from what I know.
“Short squeeze opportunity”
Too late. That time was a few days back when it was in the mid-twenties.
I disagree.
The DJT corporation always owned the shares.
It would be identical to a share buy back, but no money would change hands.
Bahahahaha, /breath, Bahahahahaha
“Remember when the Wallstreet guys all went short on Gamestop but some reddit group propped up the stock value forcing those short sellers to have to buy back at higher price.”
That was awesome.
L
“I disagree.
The DJT corporation always owned the shares.
It would be identical to a share buy back, but no money would change hands.”
DJT secondary offerings are public. They also pay off the warrants.
“If Trump failed to meet the bonus criteria, the shares could be sold on the open market - or - assimilated back into the corporation.”
Or never issued.
“I disagree.
The DJT corporation always owned the shares.”
-——————NOT OWNED, ISSUED-—————
“Earnout Shares” means the additional 40,000,000 shares of Company common stock that may be issued by the Company based on a contingent right based on the price performance of Company common stock during the Earnout Period. The Earnout Shares will be earned and payable during the Earnout Period as follows: (i) if the dollar volume-weighted average price (“VWAP”) of TMTG’s shares of Common Stock equals or exceeds $12.50 per share for any 20 trading days within any 30 trading day period, TMTG will issue to certain holders an aggregate of 15,000,000 Earnout Shares; if the VWAP of TMTG shares of Common Stock equals or exceeds $15.00 per share for any 20 trading days within any 30 trading day period, TMTG will issue to certain holders an aggregate of 15,000,000 Earnout Shares; and if the VWAP of TMTG shares of Common Stock equals or exceeds $17.50 per share for any 20 trading days within any 30 trading day period, TMTG will issue to certain holders an aggregate of 10,000,000 Earnout Shares. Assuming the full issuance of the Earnout Shares, President Donald J. Trump will receive 36,000,000 Earnout Shares.
“and Fani whats her face off.”
Big Fanni
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