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.
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. Tuesday, April 23 marked the 20th trading day for Trump Media, and the stock has not traded below that $17.50 level at any point during that timeframe.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Donald Trump Jr., Eric Trump to help with Donald Trump's presidential transition teamFormer President Donald Trump's two eldest sons are set to play key roles in a second Trump administration if their father wins the White House in November.
Read more »
Donald Trump set to receive $1.25 billion worth of Trump Media stock in DJT earnout bonusFormer President Donald Trump is already the majority shareholder in Trump Media, which trades under the ticker DJT.
Read more »
Donald Trump set to receive $1.25 billion worth of Trump Media stock in DJT earnout bonusFormer President Donald Trump is already the majority shareholder in Trump Media, which trades under the ticker DJT.
Read more »
Trump Media CEO says he'll do ‘whatever it takes' to defend DJT investors from short sellersPresident Biden mocked Donald Trump for Trump Media’s stock decline in a Pennsylvania speech.
Read more »
Trump Media CEO says he'll do ‘whatever it takes' to defend DJT investors from short sellersPresident Biden mocked Donald Trump for Trump Media’s stock decline in a Pennsylvania speech.
Read more »
‘Simple statistics’ that Biden won’t complete a second term: McCarthyFormer House Speaker Kevin McCarthy explained why he wants former President Donald Trump elected.
Read more »