Trump’s Truth Social to go public following DWAC merger vote

Former President Trump’s social media company TRUTH Social will become a publicly traded company following shareholders approving a vote Friday to merge with Digital World Acquisition Corp.

TRUTH Social will become a publicly traded company as early as next week, according to Axios. 

Billions of dollars could be added to Trump’s net worth as a result of this vote, reportedly as much as $3.5 billion.

DWAC is described as a special purpose acquisition company that specializes in taking private businesses public while not conducting an initial public ask.

When Trump Media & Technology Group was to merge with Digital World Acquisition, it will be renamed Trump Media & Technology Group Corp. and will trade under the stock ticker DJT, court filings read.

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