Trump could get millions of ‘bonus’ shares in new social media company

3 years ago 411

Associated Press

Published: Oct. 26, 2021 astatine 11:50 p.m. ET

‘Trump and his chap shareholders could locomotion distant with a truly large payday’

Former President Donald Trump speaks during a rally successful Perry, Ga., connected Sept. 25.

Associated Press

NEW YORK — Donald Trump’s societal media institution volition get tens of millions successful peculiar bonus shares successful a caller publically traded entity if it performs well, handing the erstwhile president perchance billions of dollars successful insubstantial wealthiness based connected existent banal prices, according to a filing with information regulators Tuesday.

The papers says Trump’s societal media institution that aims to situation Twitter TWTR and Facebook FB volition beryllium capable to workout warrants convertible to arsenic galore arsenic 40 cardinal shares of the caller publically traded institution over...

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