Trump Media and Tech Group (NO Politics Allowed) (DJT)

[JoshTaeger]

No. You have it exactly backward. DWAC will have to issue new shares to TMTG for the $875M. At a current pps of $66, that's at least 13M more shares. DWAC will also have to give TMTG at least 10M add'l shares. That's a minimum of 23M shares. That's 33% of the current OS. That means a 33% haircut...at a minimum. DWAC as the pps continues to drop, DWAC will end up ponying up a lot more shares to get to $875M.

P T Barnum is proved right...again.