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Trump Media & Technology Group - 1 Delaware Division - 1 Corporations - 1 Digital - 1 Trump Media - 1 Securities and Exchange Commission - 1 Nasdaq - 1

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☆ Trump’s Multibillion-Dollar Social Media Company Will Start Trading on Tuesday
  + stars: | 2024-03-25 | by ( Matthew Goldstein | ) www.nytimes.com   time to read: +1 min
Former President Donald J. Trump’s social media company officially became a public company on Monday morning, and in the process the former president’s net worth has jumped by billions of dollars. A lawyer for Trump Media & Technology Group filed papers on Monday with the Delaware Division of Corporations, which said the company’s merger with a cash-rich shell company had formally closed. On Friday, shareholders of Digital World Acquisition Corp. approved the long-delayed merger with Trump Media by an overwhelming majority. Trump Media announced in a regulatory filing with the Securities and Exchange Commission that shares of the company would begin trading on the Nasdaq on Tuesday, under the stock symbol “DJT.”After the announcement, that stock jumped 24 percent to $45.60 a share. Trump Media is now valued at more than $5 billion — even though its flagship Truth Social digital platform took in just $3.3 million in revenue during the first nine months of 2023.
Persons: Donald J, ” Organizations: Trump Media & Technology Group, Delaware Division, Corporations, Digital, Trump Media, Securities and Exchange Commission, Nasdaq
☆ Delaware Freezes Out Russia-Linked Startups, Extending Sanctions’ Reach
  + stars: | 2022-09-29 | by ( Andrew Scurria | ) www.wsj.com   time to read: +7 min
PREVIEWDelaware is now extending U.S. sanctions meant to punish Russia for its invasion of Ukraine to business ventures incorporated in the state. Blocked startups also can’t raise outside financing because they can’t amend their articles of incorporation in Delaware to issue new capital stock, according to several startup founders and their lawyers. Some startups have persuaded Delaware to restore their good standing after demonstrating that corporate officers no longer live in Russia. Blocked startups face other financial repercussions. It can’t proceed with expansion plans so long as it is blocked in Delaware, Mr. Zykov said.
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