Trump set for another $1.9b in shares he can’t sell
Bailey Lipschultz
The blank-cheque deal that brought Donald Trump’s media start-up public is set to give him another $US1.2 billion ($1.9 billion) in stock after meeting certain targets to his present windfall from the merger, yet he remains unable to cash any of it in.
With shares of Trump Media & Technology regaining steam last week, the former president and insiders are set to receive 40 million shares to split as soon as Tuesday’s close after fulfilling terms related to a so-called earnout.
Bloomberg
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