Donald Trump faces a looming $454 million fraud judgment in New York that state Attorney General Letitita James could start collecting on next week.
Shareholders in Digital World Acquisition Corporation voted to approve a merger with Donald Trump’s social media company.The vote by DWAC shareholders comes two-and-a-half years after that so-called SPAC announced plans to merge with Trump Media & Technology Group, which owns the Truth Social app platform.
At current trading prices of DWAC, that would be worth around $3 billion or more, although it is not clear what the merged company's opening share price will be. It is possible that the board of directors could vote to allow Trump to sell shares earlier than that. And that board could be stocked with people close to Trump, including his son Donald Trump Jr., former wrestling company executive Linda McMahon, and Trump's former trade representative Robert Lighthizer, according to a list of planned nominees.
Trump currently faces huge legal bills from his attorneys in criminal and civil cases, and damage judgments topping a half-billion dollars in three separate civil cases.
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