---
title: "Trump’s Social Media Company Is Set to Trade Tuesday on Nasdaq"
description: "Former president Donald Trump’s social media startup is set to begin trading Tuesday after completing a blank-check deal that may bring him a financial windfall."
type: "NewsArticle"
publisher: "Daily Maverick"
site: "https://www.dailymaverick.co.za"
section: "Newsdeck"
author: "Bloomberg"
author_url: "https://www.dailymaverick.co.za/author/bloomberg/"
canonical_url: "https://www.dailymaverick.co.za/article/2024-03-25-trumps-social-media-company-is-set-to-trade-tuesday-on-nasdaq/"
published: "2024-03-25T18:54:53"
lang: "en-ZA"
word_count: 278
---

# Trump’s Social Media Company Is Set to Trade Tuesday on Nasdaq

> Former president Donald Trump’s social media startup is set to begin trading Tuesday after completing a blank-check deal that may bring him a financial windfall.

By Bloomberg · Published 25 March 2024, 20:54 SAST

## Content

Trump Media & Technology Group is expected to trade on the Nasdaq under the symbol DJT after completing a deal with Digital World Acquisition Corp., according to a statement, following more than two years of snags.The merger could potentially hand Trump nearly $4 billion worth of shares, though they would be subject to lock-up agreements and performance requirements that may temporarily hinder his ability to monetize the stock and ease his present cash crunch.

Read More: [Trump Eyes $4 Billion Stock Windfall as His Legal Bills Pile Up](https://www.bloomberg.com/news/articles/2024-02-28/trump-eyes-4-billion-stock-windfall-as-his-legal-bills-pile-up)

Digital World Chief Executive Officer Eric Swider will become a director of the merged company, which will be led by Devin Nunes, a former California Representative who left Congress to become CEO of Trump Media, the statement showed.

The windfall may come at a critical time for Trump who earlier this month became the presumptive Republican presidential nominee. He’s paying millions of dollars a month to fund his ongoing legal troubles, which include four criminal indictments. A New York appeals court [agreed](https://www.bloomberg.com/news/articles/2024-03-25/trump-bond-reduced-to-175-million-as-he-appeals-ny-fine) on Monday to slash the former president’s bond in his fraud case by more than two thirds to $175 million while he appeals the verdict.

DWAC shares climbed nearly 14% to $41.99 each on Monday, reversing Friday’s decline after the shareholder vote [passed](https://www.bloomberg.com/news/articles/2024-03-22/trump-tied-spac-slumps-after-reports-shareholders-approve-deal) as expected. Warrants tied to the SPAC rose nearly 10%.

The special-purpose acquisition vehicle has more than doubled this year as investors use it as a way to bet on Trump’s push for re-election. The stock has been a favorite among the retail-trading crowd since the deal was announced in 2021 with posts across Stocktwits and Reddit Inc.’s WallStreetBets forum encouraging people to buy shares.