Trump Stands to Make $3.9 Billion From Digital World Acquisition's Merger With Trump Media & Technology Group. Is the Stock a No-Brainer Buy?
Shareholders of Digital World Acquisition Corp. (NASDAQ: DWAC) voted on March 22 to merge with Trump Media Technology Group (TMTG) (NASDAQ:DJT) (NASDAQ:DJTWW), which operates the social media platform Truth Social. They also approved changing the company's name to Trump Media Technology Group, which will begin trading on the stock exchange this morning under the ticker symbols DJT and DJTWW.
Former president and current presumptive GOP presidential nominee Donald Trump owns roughly 58% of the newly formed company. Trump stands to make in the ballpark of $3.9 billion from Digital World Acquisition's merger with TMTG. Is the new stock a no-brainer buy now that the merger with the special purpose acquisition company (SPAC) has been finalized?
Trump has cruised to victories in the race to win the 2024 GOP presidential nomination. However, his opponents often secured significant percentages of the overall vote in the state primaries and caucuses, with former U.N. ambassador and South Carolina governor Nikki Haley even winning two contests.
Source Fool.com
