Trump could score $3.5 billion from Truth Social going public. But tapping the money may be tricky.

Former President Donald Trump could soon receive a windfall valued as much as $3.5 billion, with shareholders of a publicly traded funding partner voting Friday on whether to merge with his Trump Media & Technology Group.The vote is taking place about one month after the two companies received regulatory approval to proceed with the long-delayed merger. If shareholders of Digital World Acquisition Corp.

Legal experts say 'encumber' is a powerful word that could prevent Trump from using the stock as collateral to raise cash before six months have elapsed.Could Trump sell before the lock-up expires?It's possible that Digital World could waive the lock-up agreement before the deal closes. Or, in what some legal experts say would be a more likely path, the new company's board could decide to alter the lock-up agreement after the deal closes.

Source: News Formal (newsformal.com)

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