Jonathan Raa | Nurphoto | Getty Images
Former President Donald Trump’s newly merged social media company will begin trading under the stock ticker symbol DJT on Tuesday, the firm said in a new regulatory filing.
The company, which owns the Truth Social app platform, will be called Trump Media & Technology Group Corp., and will trade on the NASDAQ market.
TMTG is the result of a combination of Trump’s company and the shell company Digital World Acquisition Corp.
A majority of DWAC shareholders on Friday voted to approve the merger with TMTG. That tie-up was completed Monday, according to a filing with the Securities and Exchange Commission.
Trump owns at least 58% of the company, a stake that is worth $3 billion or more at Monday’s share price.
Trump Media will continue to be led by CEO Devin Nunes and his current management team, who had operated the private company before it merged with the publicly traded DWAC.
“As a public company, we will passionately pursue our vision to build a movement to reclaim the Internet from Big Tech censors,” said Nunes in a statement. “”We will continue to fulfill our commitment to Americans to serve as a safe harbor for free expression and to stand up to the ever-growing army of speech suppressors.
Former DWAC CEO Eric Swider will become a director of Trump Media.
This is breaking news. Please check back for updates.
