Posted on 04/30/2024 3:35:24 PM PDT by Diana in Wisconsin
Former President Donald Trump just landed another $1.8 billion worth of stock in the corporate owner of Truth Social.
Trump Media & Technology Group disclosed the windfall for Trump in a filing Tuesday, saying the former president has received another 36 million shares in the company.
That bonus, known as “earnout” shares, was triggered by the company’s share price staying above certain levels.
Trump Media said in the filing that on April 26 it officially determined the performance criteria “had been satisfied” and Trump was “subsequently issued the Earnout Shares.”
At current prices, those new shares are valued at approximately $1.8 billion on paper – though the share price has been extremely volatile.
Trump now holds an even more dominant stake in Trump Media, amounting to 114.75 million shares, or 64.9% of the total outstanding.
According to SEC filings, the full earnout of 40 million shares to pre-merger shareholders would be paid if the company’s dollar volume-weighted average price equaled or exceeded $17.50 for any 20 trading days within any 30-day trading period beginning on March 25.
(Excerpt) Read more at channel3000.com ...
🥰
I think this is on top of the $1Billion+ he got last week.
And they keep calling him a “failed” businessman.
Based on today’s closing price of $49.93, his total holdings are worth close to $5.73 billion.
Interesting.
Thanks for posting.
[Did you ever get an earn-out at the Garden Store?]
Bravo
This spectacle they’re putting him through is just making him richer.
[Did you ever get an earn-out at the Garden Store?]
Yes. I got a Million Billion dollars, LOL!
I messaged you. :)
The more they try to STEAL the upcoming election with this Election TAMPERING, the more votes President in Exile Trump is garnering. :)
I hope Melania gets her cut too! She’s put up with more cr@p than ANY other First Lady. Ever. :)
Well, the company has almost zero revenue for having a $6.4 Billion dollar market cap. So we'll see...
Donald Trump just got another $1.8 billion worth of Trump Media stockThat's Trump Media stock... GAG on that one assholes.
I bought more DJT last week. This thing is going to the Moon!
Amazon has never reported a net profit. Does that make Bezos, the wealthiest man on Earth, a failed businessman? Tesla & Musk? Facebook & Zuck? Or just about any internet company / founder for that matter!
It’s so tiring to have to re-explain reality to lefties on every single issue every single time. It’s as if they have no cognitive skills and are tabula rasa of the world around them. Of course I know its the feigned ignorance of trolls and not good faith argument, but it’s still annoying.
But Amazon always had plenty of revenue. DJT has near zero revenue. Do you understand the difference between profit and revenue?
Also, Amazon is massively profitable and has been for years.
Love Trump, but I hope he does not do a rug pull on the shareholders (of which I am one). Not sure when he’s eligible to sell.
Weeping and wailing on the Left tonight...
The stock has more then doubled this past month from it’s low.
And is likely on the verge of a MOASS (mother of all short squeezes)
This thing is popping off this morning. Wow! Over 54
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