Trump could get extra $1B this week if stock price of his media company holds: report

Donald Trump is set to make another huge profit if the stock price of Trump Media & Technology Group doesn't implode before Tuesday's closing bell — a windfall that could give him up to 36 million more shares as owner of the company.

The new shares Trump is set to receive are valued at around $1.3 billion, CNN reported.

"According to SEC filings, Trump Media can issue additional shares to pre-merger shareholders such as the former president if the dollar volume-weighted average price equals or exceeds $12.50 for any 20 trading days within any 30-day trading period beginning on March 25," CNN's report stated.

"The full earnout of 40 million shares would be triggered if that price metric equals or exceeds $17.50 over the same timeframe."

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Trump Media’s share price has not traded below the $17.50 level at any point for the last 20 trading days since the company went public on March 25.

“It seems almost certain to me that the earnout conditions will be satisfied at this point, given how high the share price has been,” NYU School of Law associate professor Michael Ohlrogge told CNN.

Tempering the good news for Trump is the fact that the share price is subject to extreme volatility, making its value unpredictable.

Filings show that the earnout shares Trump could receive are subject to "lock-up restrictions that prevent insiders from selling or borrowing against their stock for months after the merger closed," according to CNN.

"Even if Trump was able to get around this lock-up agreement, experts say it would be practically difficult for him to sell a sizable chunk of his stake without causing a crash in the share price. After all, Trump is the largest shareholder, chairman and most popular user on Truth Social."

Read more at CNN.