The initial payout for the acquisition is still a 33% drop from the approximately $1.3 billion expected when Digital World had a $1 billion pipe to go with its $293 million in trust. The SPAC last month terminated the remainder of the PIPE, although that was after some investors pulled out due to delays in completing the deal, which was announced in October 2021.

Ex-president Donald Trump owned about 90% of the company in April 2023. Read more.

Source: Trump Media Investors Stand to Receive 40M Earnout Shares in Addition to 5M Merger Consideration