Post #15741 by g0177325 on the US Policy board

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Would this end up bailing Trump out of all his cash-strapped woes? Could he use this as collateral that a lender would be happy with? I guess the stock could tank after going public which would still be a huge risk.

https://www.businessinsider.com/trump-truth-social...

Former President Donald Trump's Truth Social is set to become part of a publicly traded company after a long-delayed merger was finally approved.

On Friday, a shell company created solely to buy Truth Social's parent company, Trump Media & Technology Group, approved the merger, according to The New York Times.

Trump might make billions from Truth Social just as he's most in need of cash

How NY's Judge Engoron is tightening the leash on Trump ahead of looming Truth Social merger and fraud judgement deadline

Former 'apprentices' and Trump Media cofounders file lawsuit claiming company execs tried to dilute their stake ahead of a potential merger

Trump's net worth will jump more than $3 billion from the deal, based on his large stake in the social media platform he helped create in the wake of his post-January 6, 2021 Capitol riot bans on mainstream platforms.

But Trump won't be able to sell his shares for at least six months unless the company's board waives a previous lockup agreement. There are also ongoing lawsuits between shareholders that could complicate the company's future.

If Trump wants to access his money sooner, he'll need the company's new board to sign off. That may not be a problem, as The Washington Post pointed out, the board will be stacked with Trump's allies.

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