Former President Donald Trump is poised to make over $1 billion from Truth Social’s parent company, Trump Media & Technology Group (TMTG), as he stands to gain an additional 36 million shares in the firm.
After TMTG went public in late March, President Trump held 78.75 million shares in the company. At the time, his stake was valued at $3.9 billion. According to an April 15 filing made by TMTG with the U.S. Securities and Exchange Commission (SEC), some of the stockholders stand to obtain an extra 40 million shares if the volume-weighted average price (VWAP) of TMTG stock equals or exceeds $17.50 per share for 20 days of a 30-day trading period. Tuesday is the 20th trading day that TMTG went public.
