Truth Social owner Trump Media will begin trading under DJT ticker Tuesday

Former
President

Donald
Trump‘s
newly
merged
social
media
company
will
begin
trading
under
the
stock
ticker
symbol

DJT
on
Tuesday,
the
firm
said
in
a
new
regulatory
filing.

The
company,
which
owns
the
Truth
Social
app
platform,
will
be
called

Trump
Media
&
Technology
Group
Corp.,
and
will
trade
on
the
NASDAQ
market.

TMTG
is
the
result
of
a
combination
of
Trump’s
company
and
the
shell
company


Digital
World
Acquisition
Corp.

A
majority
of

DWAC
shareholders
on
Friday
voted
to
approve
the
merger
with
TMTG.
That
tie-up
was
completed
Monday,
according
to
a
filing
with
the
U.S.
Securities
and
Exchange
Commission.

DWAC’s
share
price
soared
more
than
30%
on
Monday
after
an
appeals
court
paused
a
civil
business
fraud
judgment
against
Trump
for
10
days,
and
sharply
reduced
the
appeal
bond
he
will
have
to
post
to
extend
that
pause.
The
share
price
bounce
more
than
made
up
for
the
step
drop
in
DWAC’s
stock
on
Friday
after
the
merger
was
approved.

Trump,
who
is
the
presumptive
Republican
presidential
nominee,
owns
at
least
58%
of
the
company,
a
stake
that
is
worth
$3
billion
or
more
at
Monday’s
share
price.
But
under
current
rules,
Trump
is
barred
from
selling
shares
for
six
months.

Trump
Media
will
continue
to
be
led
by
CEO
Devin
Nunes
and
his
current
management
team,
who
had
operated
the
private
company
before
it
merged
with
the
publicly
traded
DWAC.

“As
a
public
company,
we
will
passionately
pursue
our
vision
to
build
a
movement
to
reclaim
the
Internet
from
Big
Tech
censors,”
Nunes
said
in
a
statement. “We
will
continue
to
fulfill
our
commitment
to
Americans
to
serve
as
a
safe
harbor
for
free
expression
and
to
stand
up
to
the
ever-growing
army
of
speech
suppressors.”

Former
DWAC
CEO
Eric
Swider
will
become
a
director
of
Trump
Media.