Donald Trump, the former US President, would be able to retain the ownership of his freshly launched social media company even if he selects to make another White House race or is condemned by prosecutors who are looking into his professional dealings.

According to the regulatory filings issued Tuesday, Florida resident, Donald Trump’s newly launched social media firm would receive millions in bonus shares in a recent publicly traded firm if it executes better, handling the Ex-US leader probably billions of dollars in paper wealth based on present stock prices.

Last week, Trump said that his first TRUTH Social app would be developed through a new firm created by a merger of a blank-check Digital World Acquisition Corp (DWAC) and Trump Media and Technology Group (TMTG).

Donald Trump was referred to as the ‘firm principal,’ although the exact size of his stake in the firm wasn’t revealed, according to regulatory filings. However, Mr. Trump is set to retain his ownership in the TMTG, even if the business faces substantial troublesome events; the recent filings include a section that’s designed to protect his stake.

Moreover, the document says former President’s media firm that intends to challenge Facebook and Twitter would be able to exercise warrants convertible to around forty million shares of a recent publicly traded entity over thirty-six months. The exact figure will be based on how the firm’s stock trades during that time, with the supreme number given only if it trades at about thirty dollars a share or higher for a continued time period.

Digital World’s Stock Plunged 30%

Since the former leader of the United States was voted out of office in the 2020 Presidential elections, he’s frequently dropped clues that he might pursue the US presidency for the third time in coming elections.

Last week, Donald Trump launched his new firm, TMTG, as he disclosed intentions for the “TRUTH Social” messaging app to go rival with Twitter and other social networks that expelled him following the 6th January US Capitol attack.

Trump Media and Technology Group’s plan is to become a publicly listed firm through a merger with DWAC, a special purpose acquisition firm or SPAC, whose only purpose is to attain a private firm and take it public. DWAC’s stock dropped thirty percent on 26th October to close at 59.07 dollars; however, it had traded over a hundred dollars a recent week when the firm proclaimed it would merge with it.

According to media reports earlier in October, the merger with TMTG has delivered a bonus of 420M dollars for Digital World’s prominent supporter, Patrick Orlando, who has been attempting for years to reinvent himself as a sequential deal-maker.