Trump secured an additional 36 million shares in Trump Media based on hitting certain price benchmarks, totaling over 114 million shares worth $5.7 billion.
Trump's shares are currently considered 'paper wealth,' and he is barred from selling any for six months after Trump Media went public without board waiver.
Trump now owns close to two-thirds of the company's outstanding shares, with the stock surging to $49.93, requiring it to be above $17.50 for 20 consecutive trading days for new shares.
Trump Media merged with a SPAC called Digital World Acquisition Corp., allowing a quicker route to trading publicly, with shares initially hitting $80 before settling at $57.99.
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