South Florida’s 1st News With Andrew Colton

South Florida’s 1st News With Andrew Colton

You likely saw Andrew Colton reporting live from many of the major events that have shaped our world, including the Pentagon on 9/11, the crash of...Full Bio

 

Trump About to Come into a Big Chunk of Change

Coins with Donald Trump and Joseph Biden

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.


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