• News
    • Stocks
    • Banks and Finance
    • Companies
    • Crypto
    • Forex
  • Videos
  • Articles
    • Forex CRM
    • Crypto Payments
    • Trading
    • Crypto Exchange Business
    • Forex Business
    • Fintech
    • Liquidity
    • FinTech Awards
  • Liquidity Providers List
  • Crypto Payment Providers

Dark Theme

Trump’s Social Media Venture Says It Has Raised $1 Billion

Dec 06, 2021

Trump’s Social Media Venture Says It Has Raised $1 Billion

Donald Trump's new social media firm stated on Saturday that it had achieved an agreement to raise around $1 billion from undisclosed investors in order to float on the New York Stock Exchange.

The capital raising, which Reuters first revealed on Wednesday, demonstrated the ex-president's capacity to draw large sums of money due to his personal and political name. He's working on a social networking app called TRUTH Social, which should be available in a few weeks.

Digital World, the blank-check acquisition corporation that would take Trump's company public by listing it in New York, announced that it would contribute up to $293 million to Trump's media venture, bringing the overall earnings to around $1.25 billion.

Trump Media and Digital World told the media that the $1 billion will be raised through direct investment transactions from "various institutional investors." Requests for the names of the investors were ignored.

In October, Trump Media signed a contract with Digital World to go public for $875 million, including debts. Based on the price of Digital World shares at the close of trade on Friday, the social media company is now worth about $4 billion. The share price was scooped up by Trump followers and investors.

Many Wall Street organizations, such as mutual funds and private equity firms, passed on the PIPE chance. Hedge funds, family offices, and high-net-worth individuals were among the investors involved. Family offices run the fortunes of the very wealthy and their relatives.

Some Wall Street investors are skeptical about Trump's presidency. After his followers attacked the US Capitol on Jan. 6, he was blocked from major social media websites for fear of inciting future violence. The attack on the Capitol was predicated on unfounded allegations of extensive electoral fraud in the previous year's presidential election.

Trump stated on Saturday that Trump Media Technology Group's balance sheet is growing, putting the company in a better condition to battle Big Tech's despotism.

The agreement is also subject to regulatory review. Last month, Senator Elizabeth Warren requested Securities and Exchange Commission Chairman Gary Gensler to look into the future merger for possible securities law breaches related to disclosure. The SEC has refused to say if it intends to take any action.

According to Trump Media and Digital World, the per-share conversion price of the convertible preferred stock PIPE deal is a 20% discount to Digital World's volume-weighted average closing price for the five trading days leading up to Dec. 1, when Reuters broke the news of the capital increase.

If that price falls below $56 in the ten days following the merger with Digital World, the discount will increase to 40% with a $10 floor, according to the firms. On Friday, Digital World's stock closed at $44.97.

According to his company's website, Trump had 89 million followers on Twitter, 33 million on Facebook, and 24.5 million on Instagram at the time he was banned.

As Reuters reports, investors who attended the private investor tours were shown a demo of the anticipated social media app, which imitated a Twitter feed.

First-quarter rollout

Trump has hinted that he will run in the elections in 2024.

Before the Trump media agreement, special-purpose companies like Digital World had lost a lot of their attractiveness among ordinary investors. After the firms combined with SPACs failed to deliver on their high financial expectations, many of these shareholders were left with significant losses.

TRUTH Social is expected to be fully launched in the first quarter of 2022. According to news articles, this is only the initial phase of the Trump Media project, followed by the launch of a video-on-demand service called TMTG+, in which subscribers will be able to watch a variety of entertainment content, news, and podcasts.

Subscribe Our Newsletter

Bulls Showed Their Horns. Bitcoin’s Price Is Rising

Milena

Bulls Showed Their Horns. Bitcoin’s Price Is Rising

For some days now, the price of the most popular cryptocurrency has been rising. Let’s see what is going on.

Crypto
26 Cheap Stocks to Buy Now That Omicron Has Hammered Markets: Wells Fargo
26 Cheap Stocks to Buy Now That Omicron Has Hammered Markets: Wells Fargo

According to Wells Fargo's senior equities analyst Chris Harvey, it may be time to do some holiday shopping in the stock market rather than the malls.

Stocks
Liquidity Provider

What is Initial DEX Offering (IDO)?
The creation of the initial DEX offering (IDO), one of various unique means of fundraising, is a result of the maturity of the cryptocurrency market as a whole.

discover
Top 7 Liquidity Providers of 2022

Constantine

Top 7 Liquidity Providers of 2022

People and institutions have traded on the Forex market for a long time because of its relation to fiat trading pairs. However, despite cryptocurrency's quick ascent, traders found a whole new spectrum of applications for the digital money they were utilizing.

FinTech Awards

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries b2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Alexander

    Full Bitcoin Price History: From 2009 to 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-11-300x203.png

    Constantine

    Top 5 Most Reliable KYC Technology Providers

    https://liquidity-provider.com/app/uploads/2023/01/cover-10-300x203.png

    Alexander

    The Best Crypto Wallets of 2022: Top 5 Picks

    https://liquidity-provider.com/app/uploads/2023/01/cover-2-300x203.png

    Alexander

    Top 5 Most Reliable Forex Brokers of 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-1-300x203.png

    Constantine

    5 Top-Tier Breakthrough Trading, Crypto and Fintech Industries Software Solutions in 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-300x203.png

    Constantine

    5 Most Successful FinTech Industry Startups in 2022

    https://liquidity-provider.com/app/uploads/2022/12/cover-300x203.png

    Constantine

    Top 7 Liquidity Providers of 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-3-300x203.png

    Alexander

    Top 5 Crypto Exchanges of 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-1-300x203.png

    Constantine

    Top 5 Most Distinguished White Label Solutions in 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-2-300x203.png

    Constantine

    What is Crypto Leverage Trading And How Does It Work?

    https://liquidity-provider.com/app/uploads/2022/12/oblozhka-5-300x203.png

    Constantine

    Top 5 Most Prospective Tokens in the Metaverse.

    https://liquidity-provider.com/app/uploads/2022/12/cover-7-300x203.png

    Constantine

    How to Mine Bitcoins? – Beginners Guide

    https://liquidity-provider.com/app/uploads/2022/11/cover-5-300x203.png

    Oliver

    Blockchain for Business. Pros & Cons

    https://liquidity-provider.com/app/uploads/2022/11/oblozhka-1-300x203.png

    Constantine

    The Future of Stablecoins and Central Bank Digital Currencies (CBDCs)

    https://liquidity-provider.com/app/uploads/2022/11/cover-3-300x203.png

    Alexander

    What is Web 3.0 and Why Does it Matter?

    https://liquidity-provider.com/app/uploads/2022/11/cover-1-300x203.png

    Constantine

    5 Benefits of Accepting Crypto Payments for Your Business

    https://liquidity-provider.com/app/uploads/2022/11/cover-300x203.png

    Constantine

    Hot Wallet vs Cold Wallet: Which Do I Need More for Crypto?

    https://liquidity-provider.com/app/uploads/2022/11/oblozhka-5-300x203.png

    Alexander

    What is Hedging and How Does it Work in Trading? — Ultimate Guide

    https://liquidity-provider.com/app/uploads/2022/10/oblozhka-4-300x203.png

    Oliver

    Pre-execution vs Post-execution: What’s the Difference?

    https://liquidity-provider.com/app/uploads/2022/10/oblozhka-1-300x203.png

    Constantine

    What is Slippage in Trading? – Definition

    https://liquidity-provider.com/app/uploads/2022/10/shapka-1-1-300x203.png

    Oliver

    How Forex Brokers Make Money? – A-Book vs. B-Book Model

    https://liquidity-provider.com/app/uploads/2022/10/shapka-2-300x203.png

    Oliver

    What is the Ethereum Merge, And How Will it Change Ethereum?

    https://liquidity-provider.com/app/uploads/2022/10/shapka-1-300x203.png

    Alexander

    How to Spot Cryptocurrency Scams

    https://liquidity-provider.com/app/uploads/2022/10/shapka-300x203.png

    Milena

    Exploring the Metaverse: What Does It Mean for the Future of the Internet?

    https://liquidity-provider.com/app/uploads/2022/10/oblozhka-300x203.png
    • News
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
    • Articles
      • Forex CRM
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
    [email protected]

    © 2023 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy