BREAKING: Trump Officially Secures MASSIVE Financial Windfall

Shareholders for the shell company that controls Truth Social, the social media company founded by former President Donald Trump, have voted to go public, providing the Republican with upwards of a $4 billion windfall during a critical juncture in his ongoing criminal and civil cases.

A vote by owners of the Trump Media & Technology Group to merge with Digital World Acquisition Corp a special purpose acquisition company or SPAC, would see Truth Social listed on the NASDAQ Stock Exchange under the ticket “DJT.”

If valuations for the new entity hold, President Trump could end up with somewhere between $3.5 and $4 billion in new net assets, according to CBS News. Converting the on-paper value into cold hard cash could be tricky, however.

Trump would need to sign a waiver allowing for the liquidation of his stock before a six-month lockup period. Doing so would allow him to post the $454 million bond needed for his New York real estate judgment.

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Lockup provisions are set in place to prevent company owners from selling quickly to make a quick buck before a volatile stock price can collapse, leaving regular traders holding the bag.

New York Attorney General Letitia James has threatened to begin seizing Trump’s assets by Monday if the former president cannot post the amount. His lawyers contend that lending companies are declining to meet his needs.

And while Trump may have as much as $500 million in cash on hand presently, observers believe he may need to double that amount in order to practically pay the judgment while an appeals court considers it.

🚨BREAKING: Shareholders have just voted to make Trump Media & Technology Group, the parent company of Truth Social, a publicly traded company. This could net Trump a windfall of $4 billion. The President would need to seek a waiver to liquidate his stock before the end of a…

— Charlie Kirk (@charliekirk11) March 22, 2024

President Trump founded Truth Social following his 2021 ban from X, then known as Twitter, by its former owners. The ban was attributed to statements about the January 6th, 2021 breach that Twitter deemed false.

With sympathy high due to his ongoing trials, a public offering raises the possibility that Trump supporters could boost the stock price on its first day, further inflating the personal proceeds Trump would receive.

His New York case is not the only area where President Trump is short on cash. His various political action committees, which fund his legal bills, took in more than they raised in 2023.

He continues to carry $8.5 million in debt owed to his lawyers and has paid more than $50 million to date.

Truth Social, however, is proving to be a profitable endeavor for the 45th president. The social media upstart booked $3.7 million in revenue in the first quarter of 2023, according to regulatory filings. Although the site continues to lose money, a sale could encourage new advertisers dissatisfied with X to try their hand with the president’s platform.