On Tuesday, the public will now have the opportunity to purchase shares of Donald Trump’s media company, known as “DJT.”
This development is expected to provide a significant financial boost to the former president, who is currently navigating a series of court cases while simultaneously pursuing his 2024 White House campaign.
In a recent development, Digital World Acquisition (DWAC) has successfully merged with the Trump Media & Technology Group, the parent company of Truth Social.
According to reports, the merger has significantly boosted Trump’s net worth by more than $4 billion, propelling him onto the prestigious Bloomberg Billionaires Index, which ranks the 500 wealthiest individuals globally.
By late Monday afternoon, shares of DWAC were trading just under $50, marking an impressive increase of approximately 186% since the beginning of the year.
On Tuesday, the company will begin trading under the ticker symbol “DJT” on the Nasdaq stock exchange following its merger with Trump Media.
According to experts, the surge in DWAC shares can be partially attributed to a significant number of Trump supporters who have invested in the company to show their support for the former president during his 2024 campaign and legal challenges.
The reported revenue of $3.3 million for Truth Social from January to September 2023 greatly underestimates the true value of the media company.
The merger was officially completed on Monday following extensive negotiations with DWAC CEO Eric Swider, who has now taken on the role of director at Trump Media.
In a recent development, a New York appeals court has granted Trump an additional 10 days to post a reduced $175 million bond.
This decision comes as he continues to challenge a substantial $464 million civil fraud judgment against him, his sons, and his company.
[READ MORE: Democrat Analyst James Carville Makes Shocking Statement While Discussing Biden’s Brutal Poll Numbers]
