IPOS - Can Trump Sell His Truth Social Stock To Pay Bills? His Son Could Be The Answer | Benzinga
Former President Donald Trump needs immense cash to pay more than $450 million in legal bills.
But the quadruple-indicted GOP presidential candidate is now looking at liquidating the stock he owns at Digital World Acquisition Corp. (NASDAQ: DWAC), a so-called "blank check" company that — as of Friday — will become part of a merger to take the Truth Social parent company, Trump Media & Technology Group (TMTG), public.
But the situation is complicated. First, the DWAC share price plummeted by nearly 14% in the following hours and closed Friday afternoon at roughly $36.94 per share.
Also Read: Trump Makes Surprising Cash Declaration - 'I Currently Have Almost $500M'
The sharp decline, which had previously reached a 52-week-high, could potentially lower ...