Trump nabs additional $1.2 billion bonus from stock
Kyiv • UNN
Trump was entitled to an additional $1.2 billion from Trump Media & Technology Group after the company's share price held above $17.50 for the required period.
Shares of Trump Media & Technology Group (DJT) have reached a milestone that will provide former US President Donald Trump with an additional $1.2 billion, Yahoo Finance reports, UNN writes.
Details
According to US regulatory filings, Trump is entitled to an additional 36 million shares if the company's share price trades above $17.50 "for twenty of any thirty trading days" over the next three years.
Trump received his bonus at the end of the trading session on Tuesday, with shares trading at around $33 per share at the close, the newspaper writes.
Trump Media, the parent company of Truth Social, went public on the Nasdaq after merging with Digital World Acquisition Corp. in a deal approved by shareholders late last month. Shares have fallen nearly 60% since the end of March.
Trump owns approximately 60% of the company's shares. At its current level, Trump Media's market capitalization is approximately $4.4 billion, giving the former US president a stake worth about $2.6 billion. Immediately after the company's public debut, Trump's stake was worth just over $4.5 billion.
The former US president founded Truth Social after he was banned from major social networks such as Facebook and Twitter (the platform now known as X) following the January 6, 2021, Capitol Hill riots. Trump's accounts have since been reinstated on these platforms.
According to updated regulatory filings released earlier this month, Trump Media reported sales of just over $4 million and a net loss of nearly $60 million for the full year ended December 31. The company warned that it expects losses to continue amid growing profitability issues.
The document also confirms that interested parties will continue to be subject to a six-month lock-up period before selling or transferring shares. The only exception to the lockup period would be if the company's board of directors votes to approve a special authorization. While this is possible, experts told Yahoo Finance last month that this attempt would likely lead to numerous lawsuits on behalf of public shareholders.
Addendum
Trump is facing a $454 million fine for fraud and lack of campaign funds ahead of his rematch in the 2024 election against incumbent US President Joe Biden.
Trump recently posted a $175 million bail in the fraud case, which suspends the final payment while he appeals the verdict.
He is also under investigation in a criminal case related to alleged payments to adult film star Stormy Daniels.
In Lviv, only one ASC is currently ready to accept persons liable for military service to update their data
Kyiv's ASCs are ready to accept persons liable for military service to update their data from today
The Association of International Road Carriers says that TCC employees have done everything possible to make drivers afraid to go on trips
Advisor to the Head of Kyiv RMA comments on accusations of working for a "Russian" company
NABU plans to seize land of ATO participants - Rada calls it immoral
Tax Service major fell victim to oligarchic game - human rights activist about the case against acting deputy head of the State Tax Service Sokur
Updating military registration data through Administrative Service Centers: are ASCs ready
Current electricity restrictions may last until August - Prime Minister's advisor
Lost Profit of Ukrainian Enterprises from Russian Aggression: Kyiv Scientific Research Institute of Forensic Expertise explained how the evidence base for compensation is being formed
Attempt on the Prime Minister of Slovakia: xenophobia and the Russian trace
Trump nabs additional $1.2 billion bonus from stock
Russia says 8 UAVs attacked targets in Smolensk and Lipetsk regions
Andriyushchenko: Russian army continues to bring reinforcements to the north of Donetsk region
Rada plans to consider new rules to combat bribery of foreign officials: it concerns informing NABU
Luhansk region lacks Russian language teachers, children learn it on their own - RMA
Trade disputes with EU neighbors hurt Ukraine's economy and budget - IMF
In the morning, the enemy attacked Odesa again: a woman of 43 years old was wounded
Mind Entrepreneur Summit was held in Kyiv
Russian army wounds seven more residents of Donetsk region over the day
Currency exchange rate as of April 24: hryvnia strengthened by 20 kopecks
Popular
"The world can stop Russian terror": Zelensky reacts to Russian missile strike on recreation center in Kharkiv region
Rescuers in Zaporizhzhia rescue a kitten trapped in a concrete pit
Callas: Putin is trying to use the threat of mass migration as a weapon
Night drone attack on Kyiv region: all drones destroyed, no hits recorded
Russians shelled Zaporizhzhia 459 times during the day: there are wounded
Publications
Attempt on the Prime Minister of Slovakia: xenophobia and the Russian trace
The law on strengthening mobilization: what will change after May 18 for those liable for military service
The Housing Capital case: where did the billions go?
Only debtors see the Russian footprint: how the label of cooperation with russia is used in business wars
Criminal case opened against acting deputy head of the State Tax Service Sokur for obstructing the supply of fuel to the army
Trump nabs additional $1.2 billion bonus from stock
Trump was entitled to an additional $1. 2 billion from Trump Media & Technology Group after the company's share price held above $17.50 for the required period.
Russia says 8 UAVs attacked targets in Smolensk and Lipetsk regions
Russia says that 8 drones attacked targets in the Smolensk and Lipetsk regions, causing fires at fuel and energy facilities, no casualties reported.
Andriyushchenko: Russian army continues to bring reinforcements to the north of Donetsk region
The Russian army continues to send reinforcements to the north of Donetsk region through Mariupol.
Rada plans to consider new rules to combat bribery of foreign officials: it concerns informing NABU
The Verkhovna Rada plans to consider a draft law on combating bribery of foreign officials, which obliges regulatory authorities to notify the NABU of signs of bribery found during taxpayer audits.
Luhansk region lacks Russian language teachers, children learn it on their own - RMA
In some schools in the occupied Luhansk region, due to the lack of Russian language teachers, children are forced to learn Russian on their own.
Trade disputes with EU neighbors hurt Ukraine's economy and budget - IMF
According to the IMF, trade disputes between Ukraine and its European neighbors have affected Ukraine's economic growth and budget revenues.
In the morning, the enemy attacked Odesa again: a woman of 43 years old was wounded
In the morning, the enemy shelled Odesa with rockets, wounding a 43-year-old woman and damaging about 30 houses.
Mind Entrepreneur Summit was held in Kyiv
On April 19, the largest conference for small and medium-sized businesses took place in the Pochaina event hall.
Russian army wounds seven more residents of Donetsk region over the day
Another seven residents of Donetsk region were wounded as a result of Russian shelling over the past day.
Currency exchange rate as of April 24: hryvnia strengthened by 20 kopecks
The National Bank of Ukraine has set the official hryvnia exchange rate at 39. 5860 UAH/USD, strengthening the hryvnia by 20 kopecks.