Published On: Mon, Apr 22nd, 2024

Donald Trump set to receive $1.25 billion worth of Trump Media stock in DJT earnout bonus



Former President Donald Trump is poised to receive an additional 36 million shares of Trump Media Tuesday — an “earnout” bonus worth more than $1.25 billion, at Monday’s price.

Trump Media, which owns the Truth Social app, was trading at around $35 per share mid-day Monday.

But that price is twice the $17.50 benchmark minimum share price, which the DJT ticker has to hit by the close of trading Tuesday, for Trump to become eligible for the extra so-called earnout shares.

That…



Source link