Trump’s stock surges following listing and court victory in civil fraud bond case

Cardone Capital’s Grant Cardone has decided to shift $500 million from New York real estate investments to Florida. This decision comes as former President Donald Trump received a reprieve from New York state authorities on Monday. An appeals court agreed to block the seizure of his assets and reduced the required bond from $454 million to $175 million, with an extended deadline for payment.

The initial deadline for Trump to post the bond was midnight on Monday, as he faces a civil fraud judgment for overstating his net worth and property values. However, Trump’s lawyers cited difficulties in finding a surety company willing to cover the bond without him putting up over $557 million in cash. The appeals court ruling granted Trump an additional 10 days to provide the funding, causing a surge in shares of Digital World Acquisition Corp. (DWAC), the SPAC behind Trump Media & Technology Group’s listing on the stock market.

The merger involving DWAC values Trump’s stake in Truth Social at around $3.3 billion. The situation is still developing, so stay tuned for further updates on this matter.

By Riley Johnson

As a content writer at newsmol.com, I dive into the depths of information to craft compelling stories that captivate and inform readers. With a keen eye for detail and a passion for storytelling, I strive to create engaging content that resonates with our audience. Whether it's breaking news, in-depth features, or thought-provoking opinion pieces, I am dedicated to delivering high-quality, informative content that keeps readers coming back for more. My goal is to bring a fresh perspective to every article I write and to make a meaningful impact through the power of words.

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