As Biden’s lapdogs continue to nip at Trump’s heels, Digital World Acquisition Corp (DWAC) announced a merger with Trump Media and Technology Group (parent company to Truth Social) on Friday. This merger will allow Truth Social to go public with Trump as the majority shareholder. Trump could be in the position to collect a $3 billion dollar windfall based on share prices of DWAC, currently trading at around $40.
DWAC is an SPAC, essentially a company that creates its own initial public offering (IPO), and then begins to prospect for a merger opportunity with a private company, in this case Truth Social via the Trump Media and Technology Group. Usually, companies that use SPACs garner higher valuations, but at higher initial costs.
The $3 billion in projected Truth Social share holdings may not come in time to help Trump with his legal battle against Democrat cronies Judge Arthur Engoron and New York Attorney General Letitia James. In unprecedented fashion, Engoron extended his jurisprudential sphere into the realm of real estate valuation, judging Trump’s Mar-a-Lago estate to be worth a fraction of what highly sophisticated corporate banking interests had calculated. Combined with the political crusader Letitia James, the media simp Engoron has colluded to bilk $464 million dollars from former President Donald Trump, under the threadbare cloak of New York style justice.
The $464 million dollar judgment against Trump is a transparent effort by the Democrat machine to cripple the only opposition to the Biden 2024 presidential campaign,........