Following the merger between Digital World Acquisition Corp and Trump Media & Technology Group, former President Donald Trump is expected to own 78,750,000 shares of the combined company, which is trading under the symbol "DJT.
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Assuming maximum redemptions by DWAC shareholders, this would represent 69.4% of outstanding shares, according to the latest S-4 filing with the SEC, MarketWatch reports.
Trump would be by far the largest shareholder. Why not, the company's stock ticker post-merger will be his initials, "DJT."
ARC Global Investments, which is the investment vehicle of former Chief Executive Patrick Orlando. is expected to be the second-largest shareholder, with 10,790,415 shares, or 9.3% of the shares outstanding.
Devin Nunes, CEO, is slated to own 115,000 shares, or less than 1%.
Trillionaire?
This week's merger added roughly $3.5 billion to Trump's net worth, bringing it up to $6.4 billion. The boost was enough to include Trump in the Bloomberg Billionaires Index, which tracks the top 500 wealthiest people in the world.
So as a fun thought experiment (why not?), what price does $DJT need to hit to make Trump the world's first (documented) trillionaire?
$1 trillion / 78,750,000 shares = $12,700
So, just $12,635 or so to go!
