Trump could get big 'bonus' shares in new social media firm

Trump could get big 'bonus' shares in new social media firm

2 years ago
Anonymous $np3LcwuhSi

https://apnews.com/2578270056a4ada5974dd8189706b7c3

NEW YORK (AP) — Donald Trump's social media company will get tens of millions in special bonus shares in a new publicly traded entity if it performs well, handing the former president possibly billions of dollars in paper wealth based on current stock prices, according to a prospectus filed with security regulators Tuesday.

The filing says Trump’s social media company that aims to challenge Twitter and Facebook will be able to exercise warrants convertible to as many as 40 million shares of the new publicly traded company over three years. The exact number will depend on how high the stock in the company trades during that time, with the maximum number granted only if it trades at least at $30 a share or higher for a sustained period.