Trump Media & Technology Group Launches as DJT on Nasdaq, Facing Legal Challenges and Potential Boost to Finances.

Truth Social, owned by Trump Media & Technology, sees massive stock surge on debut

On Monday, DWAC stock surged on news that shareholders had approved the merger with Trump Media & Technology Group. Plans were then unveiled for the company to start trading under the new “DJT” ticker on Tuesday.

Trump Media’s stock saw a 38% increase to $69.10 by 11:20 a.m. ET on Tuesday, reaching a high of 59% at $79.38 in the first half hour of trading. With former President Donald Trump holding approximately 80 million shares valued between $3 billion and $4 billion at the time of the merger announcement last week, his stake is expected to significantly increase following the first day of trading on the Nasdaq.

The merger between Trump Media and Digital World Acquisition Corp. was initially proposed in October 2021, but faced delays as regulators investigated potential misrepresentation of talks between DWAC and Trump Media prior to the public offering. Despite these challenges, no changes have been announced to the merger terms, including a six-month lock-up period preventing major shareholders like the ex-president from selling their shares.

Some observers see Trump Media’s decision to go public as a means of boosting President Trump’s finances amidst mounting legal fees and penalties. With potential legal challenges continuing to mount, this move may prove beneficial for the former president as he navigates future legal battles.

Trump Media & Technology Group has been formed under the stock ticker “DJT,” representing former President Donald J. Trump’s initials, after its merger with Digital World Acquisition Corp (DWAC). The newly combined company is attracting significant attention in

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