Trump’s tech SPAC could make him billions with meme-stock frenzy

News that the former president’s nascent media enterprise, Trump Media & Technology Group, is planning to go public via a special purpose acquisition company has sent retail investors into a frenzy. The stock gain drove the implied value of the new venture to more than $8.2 billion. Based on figures from press releases and filings to the SEC it appears Trump will own more than 50% of the combined company. At its current value, that would make him the richest he’s ever been.

from Markets-Economic Times https://ift.tt/3b2v3WS
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