Trump Media’s Impending Merger May Give Ex-President a Financial Lifeline

reports.

The deal with Digital World Acquisition could provide him with a potential financial lifeline at a time when he must come up with the cash to pay a $454 million penalty following a New York judge's ruling in a civil fraud case involving his empire.

Digital World has scheduled a March 22 shareholder vote on the merger with Trump Media, whose flagship product, , has become the social media platform of choice for Trump to attack his critics and political opponents.

But even if the deal closes, Trump would need to get a waiver from a lockup provision that restricts major stockholders from selling shares for at least six months. Trump Media did not respond to a request for comment. Read more.


Source: Trump Media's Impending Merger May Give Ex-President a Financial Lifeline