Donald Trump has been awarded 36 million shares of Trump Media stock worth $1.8 billion as an “earnout bonus.”
Trump’s newly awarded shares, worth nearly $2 billion, were valuated at Tuesday’s closing price of $49.93. The former president is prohibited from selling the shares until a six-month lockup period expires.
Trump Media is now valued on paper at over $5.7 billion based on Tuesday’s closing price.
Trump Media’s stock price has skyrocketed 50% in the past week following a series of declines after its Nasdaq debut on March 26.
Trump was rewarded with the shares for keeping the stock price above $17.50 for 20 straight trading days.
@CaptKylePatriots
https://conspiracydailyupdate.com/2024/05/01/586530/
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