BlaxOps
Pro
trump's stake in the company was valued at around $2.6 billion at Thursday's closing price. He is still in line to receive an additional 36 million earnout shares in the company, currently worth around $1.19 billion on paper.
The incentive requires the stock's volume-weighted average price to remain above a series of levels. For Trump to receive the maximum award, the stock must stay above $17.50 in 20 out of any 30 trading days over a three-year period following its merger on March 25 . The stock is set to fulfill that requirement as soon as Tuesday next week ( April 23 ), unless the stock falls sharply.
trump is barred from selling Trump Media shares until a six-month lockup period expires. But he could seek a waiver from the company's board, which includes one of his sons and several former members of his administration.
***This looks like the pump before the dump.
The incentive requires the stock's volume-weighted average price to remain above a series of levels. For Trump to receive the maximum award, the stock must stay above $17.50 in 20 out of any 30 trading days over a three-year period following its merger on March 25 . The stock is set to fulfill that requirement as soon as Tuesday next week ( April 23 ), unless the stock falls sharply.
trump is barred from selling Trump Media shares until a six-month lockup period expires. But he could seek a waiver from the company's board, which includes one of his sons and several former members of his administration.
***This looks like the pump before the dump.