Former President Trump ready to give $1.25 billion ‘earnings’ bonus
The imminent financial windfall for the former President of the United States, Donald Trump, is on the horizon. Trump is projected to receive a sizable "earnout" bonus of 1.25 billion dollars from his media outfit after it reached a pivotal stock price milestone, qualifying him for the reward.
As the majority stakeholder in Trump Media and Technology Group, Trump is looking at the receipt of another 36 million shares of the company on the upcoming Tuesday. The stocks of Trump Media, on Monday, closed at a value of approximately $35.50. This value is double the essential $17.50 benchmark minimum share price that the company had to reach to make Trump eligible for the bonus.
The "earnout" agreement stipulates that the Trump Media stock has to meet the benchmark for 20 trading days with...