Trump's Truth Social to start trading under the ticker "DJT" on Tuesday
CBSN
Former President Donald Trump's Truth Social will begin trading under the ticker "DJT" on Tuesday, putting the real estate tycoon — and his initials — at the helm of a publicly traded company once again.
Trump Media & Technology Group, whose main asset is the social media service Truth Social, said in a statement Monday that the ticker symbol will be active tomorrow, following its merger with a so-called blank-check company, also known as a special purchase acquisition company (SPAC). SPACs are shell companies created to take a private business public without going through an initial public offering.
In the case of Trump's media business, the shareholders of the SPAC, called Digital World Acquisition Corp., voted Friday in favor of the merger, ushering in the next step of taking the new Truth Social company public without an IPO. The merged company officially changed its name to Trump Media & Technology Group after the deal was completed on Monday, the statement said.
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