Donald Trump is expecting a significant financial bonus – at least on paper.
Trump is close to being awarded an additional 36 million shares as owner of his social media platform Truth Social, estimated to be worth about $1.25 billion based on Monday’s price. Trump will get these “earnout shares” provided the trading price of Trump Media & Technology Group, the parent company of Truth Social, does not fall below $17.50. According to The Independent, it is currently trading at roughly twice that price.
Trump is the main shareholder in Trump Media & Technology Group, with 78.75 million shares. The extra 36 million shares will be in addition to this.
According to CNBC, this would bring his total stake in Trump Media to over $4 billion on paper. Nevertheless, all the shares he owns are subject to a lock-up period that prevents him from selling them during the next six months.
Trump Media had a closing price of $35.50 per share at the close on Monday. To achieve “earnout”, various target points must be reached during 20 consecutive trading days within a period of 30 trading days that started on 25 March.
