Trump to add stock ‘bonus’ valued at more than $1 billion on Tuesday

Former American President donald trump This Tuesday he will add a ‘bonus’ of 36 million shares of his company Trump Media valued at more than 1,000 million dollars, unless it suffers a sharp drop of more than 50% on the stock market.

According to a document delivered by the company to the stock market regulator From the US, Trump will be eligible to receive the bonus and increase his stake in Trump Media if the stock remains above the $17.50 benchmark this Tuesday.

TO KNOW MORE: Trump orchestrated “criminal scheme” to influence 2016 election, prosecutors charge

This Monday, Trump Media closed the session to $35.50 per share, well above.

The 36 million shares that Trump will potentially receive tomorrow, they will be added to the 78.75 million of shares that you already own as the company’s majority shareholder, so your stake will be valued at around 4 billion dollars.

However, some media indicate that not everything is guaranteed, as the action has suffered a great volatility since it became public less than a month ago.

He ‘bonus‘ in trump It depends on the company’s shares remaining above US$17.50 for a period of 20 trading days on the stock exchange in the 30 days from March 25, the regulator’s documentation indicates.

According to CNBC, Trump Media he can issue 40 million shares in this category of ‘bonus‘as part of its merger agreement with Digital World Acquisition Corp., a type of citation known as “space” which allowed it to be opened to the public, avoiding traditional routes.

This media indicates that the actions of trump They are protected by a provision that prevents their sale within six months of the merger.

The former president He is currently facing an unprecedented criminal trial in the US. and has a complex judicial calendar that entails large expenses, which also add to his political campaign ahead of the November presidential elections, in which he is the leading Republican candidate.

Source: Elcomercio

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I am Jack Morton and I work in 24 News Recorder. I mostly cover world news and I have also authored 24 news recorder. I find this work highly interesting and it allows me to keep up with current events happening around the world.