Trump has faced several expensive lawsuits in the last few years.
The merger to go public with Truth Social could serve as Trumps lifeline.
Trump would own roughly 79 million shares of the new company, according to anSEC filing.
Photo: rafapress (Shutterstock)
However, the share price has skyrocketed in the last year, as this merger moves closer to fruition.
While Trump couldnt cash out immediately, it could offer the former President some meaningful capital.
The SEC gave agreen lighton this deal back in February.
However, Truth Social is also a platform for other conservative voices.
That was put to the test when Joe Biden created an account on the platform in October.
The account continues to be active months later as a way for Biden to troll Trump.
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