Truth Social owner Trump Media will begin trading under DJT ticker Tuesday

by 24USATVMarch 26, 2024, 8:01 a.m. 22
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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 U.S. Securities and Exchange Commission.

DWAC's share price soared more than 30% on Monday after an appeals court paused a civil business fraud judgment against Trump for 10 days, and sharply reduced the appeal bond he will have to post to extend that pause. The share price bounce more than made up for the step drop in DWAC's stock on Friday after the merger was approved.

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