Donald Trump set to receive $1.25 billion worth of Trump Media stock in DJT earnout bonus.
Posted: Apr 23, 2024
- Donald Trump is set to receive an additional 36 million shares of Trump Media as a bonus worth over $1.25 billion - Trump Media, which owns Truth Social app, needs its stock price to hit $17.50 by the close of trading on Tuesday for Trump to be eligible for the bonus - Trump Media's stock price was trading at around $35 on Monday - Trump Media's stock price has plummeted since its opening price of $70.90 on March 26 - Even with the stock price drop, Trump is likely to receive all of his earnout shares - Any shares that Trump owns are subject to a lock-up provision preventing him from selling them for six months - Trump Media has $200 million in the bank and is moving forward with its business plan amid the stock price fluctuations. - Donald Trump set to receive $1.25 billion worth of Trump Media stock in DJT earnout bonus - Trump Media owns the Truth Social app and was trading at around $35 per share - Trump will receive an additional 36 million shares of Trump Media on Tuesday - Trump's total stake in Trump Media would be worth more than $4 billion - Trump Media & Technology Group Corp. (DJT) began public trading at an opening price of $70.90 per share - Stock has had 4 major runs in 2024, with more expected before November 2024
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