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Trump gets handed a lot more Truth Social stock

Axios

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Reporting cited here

  1. documented

    The merger's price-trigger mechanism increased Trump's controlling stake without a new cash purchase; the shares' market value remained unrealized and volatile.

    Earnout mechanism and ownership discussion

    Trump Media Earnout Shares: Audit finding · Cited analysis

  2. reported

    Trump's disclosed beneficial ownership increased through the earnout issuance.

    Earnout mechanism and ownership discussion

    Trump Media Earnout Shares: Outcome · Outcome