#TrumpMedia merger wins investor approval, netting #Trumppotential windfall
TFG will own ~60% of #TruthSocial, which at its current share price would be worth ~$3.3B.
A lockup agreement will prevent him from selling the shares for 6 months.
A long-delayed move that will open the owners of TruthSocial to stock-market investors & grant Trump a stake worth billions he could use to pay down his #legal#debts.
A #LockupProvision in the #merger will prevent #Trump & other major investors from selling shares for 6 months unless granted a waiver by the post-merger co’s board.
That could limit Trump’s ability to use the windfall to help pay off hundreds of millions he #owes in #legal#judgments. Trump doesn’t have the $ to secure a #bond to delay enforcement of the $464M judgment in NY #fraud case. If he doesn’t post by Mon, #NYAG could seize his #BankAccounts, #RealEstate & other #assets.
“Foreign investors are like hostages of Putin" - Western companies that decided 2 remain in Russia despite its war against Ukraine r realizing w horror that #Putin, cronies no longer have much 2 lose from seizing their #assets. Over past weeks Putin has grabbed the assets of French yogurt producer #Danone, Danish brewery #Carlsberg 2 place them under “temporary” ownership of Federal Agency for State Property Management. It’s a fate that more Western companies now fear https://www.politico.eu/article/western-companies-stayed-russia-war-face-consequences/
Announcement of Further Measures to Promote Peace, Security, and Stability in the West Bank
Canadians: we should be demanding that parties named in this executive order also be included in Canada's OSFI list of designated persons and entities.