Trump Media & Technology Group's $4 Billion Debut on Nasdaq in 2025: What You Must Know

Essential Highlights

• The merger between Digital World Acquisition Corp. and Trump Media & Technology Group (TMTG) has officially closed.
• The combined company will begin trading on the Nasdaq exchange under the symbol 'DJT' starting Tuesday.
• Donald J. Trump holds a majority stake of nearly 80 million shares in the new company, valued at approximately $4 billion as of Monday.

Trump Media & Technology Group, the media enterprise founded by former President Donald J. Trump and owner of the social media platform Truth Social, announced the completion of its merger with the special purpose acquisition company Digital World Acquisition Corp. (DWAC). This milestone paves the way for the company's public trading debut on the Nasdaq exchange.

The merged entity will operate under the ticker 'DJT,' representing Donald J. Trump's initials. After receiving shareholder approval in late April 2024, the merger, initially proposed in October 2021 and delayed due to regulatory reviews, is now finalized.

Despite ongoing legal challenges and substantial legal expenditures, Trump remains the predominant shareholder, holding close to 80 million shares with an estimated market value of $4 billion as of the latest trading day.

According to the merger terms, Trump is subject to a six-month lock-up period on his shares, although the board may choose to waive this restriction. Leadership changes include former Congressman Devin Nunes stepping in as CEO, succeeding his role at TMTG, while Eric Swider, ex-CEO of DWAC, joins as a director.

In a statement, CEO Devin Nunes emphasized the company's mission: 'As a public entity, we are committed to spearheading a movement to reclaim the Internet from Big Tech censorship.'

Following the announcement, DWAC shares experienced a surge of over 35%, closing at $49.95, nearly tripling in value since early 2024.

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