Photo: baona / iStock Unreleased / Getty Images
Donald Trump is about to come into a big chunk of change with a Truth Social merger with a SPAC, or special purpose acquisition company.
The SEC approved the deal last month and a Delaware judge won’t stand in the way of a March 22 shareholder vote on a merger.
That means Trump would hold 78 million shares of the new company with a net worth of almost $4 billion.
But he would be unable to sell shares within six months of the deal’s close.
The embattled presumptive Republican nominee needs the money to pay more than a half billion in court fines and penalties.