SEC Approves Trump's Truth Social Merger, Paving Way for Public Listing

Former President Donald Trump set to become the largest beneficiary of the merger, owning a significant stake potentially worth billions.

The SEC has approved the merger between Digital World Acquisition Corp. (DWAC) and Trump Media & Technology Group, paving the way for Trump's Truth Social to become a publicly traded company.
Trump will own a significant stake in the newly formed company, potentially worth billions, making him the largest beneficiary of the merger.
The merger has faced numerous delays and regulatory challenges, including SEC investigations and insider trading charges against associated individuals.
Digital World's stock has surged in anticipation of the merger, reflecting investor enthusiasm and Trump's political influence.
The merger's completion is seen as a major financial boost for Trump, amidst his ongoing legal and financial challenges.