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Trump Awarded 36 Million More Trump Media Shares Worth $1.8 Billion After Hitting Price Benchmarks

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AP - VOR News Image

Washington — Former President Donald Trump has purchased an extra $1.8 billion in shares of Trump Media, according to a regulatory filing this week.

Trump was granted an additional 36 million shares in the firm that controls his social media network, Truth Social, in exchange for the company’s stock meeting specific price targets. Based on Wednesday morning’s market price, this takes his overall holding to more than 114 million shares, valued at $5.7 billion.

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CNN – VOR News Image

Trump Awarded 36 Million More Trump Media Shares Worth $1.8 Billion After Hitting Price Benchmarks

Trump, the probable Republican presidential nominee, now owns almost two-thirds of the company’s outstanding shares.

Trump Media & Technology Group shares have risen sharply recently, closing Tuesday at $49.93. To get the new shares, Trump merely needs the stock to trade over $17.50 for 20 consecutive trading days.

Trump Media joined the Nasdaq after merging with Digital World Acquisition Corp., a special purpose acquisition company (SPAC). These mergers provide emerging companies with a faster and easier path to publicly listing their shares.

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AP – VOR News Image

Trump Awarded 36 Million More Trump Media Shares Worth $1.8 Billion After Hitting Price Benchmarks

On March 26, the first day of trading following Trump Media’s merger with Digital World Acquisition, shares of the newly combined business reached nearly $80 apiece in intraday trading before closing at $57.99.

Less than a week after its glitzy stock market debut, Trump Media revealed that it lost roughly $58.2 million last year, sending its stock down more than 21%. The $50.5 million profit the company reported in 2022 was significantly lower than the 2023 losses, according to a regulatory filing.

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Mashable – VOR News Image

Trump Awarded 36 Million More Trump Media Shares Worth $1.8 Billion After Hitting Price Benchmarks

The company’s shares fell to roughly $22 in the following weeks before recovering in mid-April.Truth Social was created in February 2022, one year after Trump was barred from major social media platforms such as Facebook and X, previously Twitter, following the January 6 revolt at the US Capitol. He has been reinstated to both but has remained with Truth Social.

Trump Media’s stock sank 8.6% to $45.64 in morning trading on Wednesday.

SOURCE – (AP)

Celebrity

Al Pacino Reveals He Nearly Died Of Covid-19 – And Gives His Thoughts On The Afterlife

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Al Pacino revealed that he nearly died from COVID-19 in 2020 and expressed his thoughts on what happens after death.

In interviews with The New York Times and People magazine, the Academy Award-winning actor discussed getting the virus and temporarily losing his pulse.

Al, 84, told the Times in a wide-ranging interview that he started feeling “unusually not good” and soon got a fever and dehydration. “I was sitting there in my house, and I was gone,” he stated. “I didn’t have a pulse.”

pacino

Al Pacino Reveals He Nearly Died Of Covid-19 – And Gives His Thoughts On The Afterlife

“You’re here, and you’re not. I thought, “Wow, you don’t even have any memories.” You have nothing. “Strange porridge,” the “Scarface” actor claimed about his near-death encounter.

Within minutes, an ambulance arrived at Al’s house, and he regained consciousness with six paramedics and two physicians in his living room, he claimed.

“They had these outfits on that looked like they were from outer space or something,” he told the local newspaper. “It was very frightening to open your eyes and witness that. Everyone was surrounding me, and they said, ‘He’s back. “He’s here.”

Al told People that when he regained consciousness, he felt confused. “I looked around and I thought, ‘What happened to me?'”

Despite “everybody” believing he was dead, the movie veteran claimed he is not sure if he perished. “I thought I had died. I might not have. I honestly don’t think I have. “I know I made it,” he stated.

Al hailed his “great assistant” by swiftly alerting paramedics after his nurse confirmed that he no longer had a pulse.

“He got the people coming, because the nurse that was taking care of me said, ‘I don’t feel a pulse on this guy,'” remembered Al Pacino.

When asked if the health concern had impacted the way he lived his life, Pacino replied, “Not at all.”

However, this does not imply that the experience had no impact on the performer.

pacino

Al Pacino Reveals He Nearly Died Of Covid-19 – And Gives His Thoughts On The Afterlife

Pacino, who is presently prepping for a film rendition of Shakespeare’s “King Lear,” told The New York Times that the event had a philosophical significance.

“I did not see the white light or anything. “There is nothing there,” he explained. “As Hamlet says, ‘To be or not to be,’ and ‘The uncharted place from which no traveler returns.’ He then says two words: ‘no more.’ “It was no more,” Pacino concluded.

“You are gone. I’d never considered it in my life. But, you know, actors: It sounds good to say you died once. What happens when there is no more?

Pacino’s experiences are described in his book, “Sonny Boy,” which will be published on Tuesday.

SOURCE | AP

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Supreme Court Declines To Hear Appeal From Singer R. Kelly, Convicted Of Child Sex Crimes

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Washington — The Supreme Court declined to hear R. Kelly’s appeal on Monday, despite the fact that he is currently serving 20 years in jail for child rape charges in Chicago.

The Grammy Award-winning R&B artist, born Robert Sylvester Kelly, was convicted in 2022 of three counts of making child sexual abuse photos and three counts of enticing children for sex.

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Supreme Court Declines To Hear Appeal From Singer R. Kelly, Convicted Of Child Sex Crimes

His lawyers contended that a lower statute of limitations on child sex crime prosecutions should have applied to actions committed in the 1990s. Current legislation allows charges to be filed when the accuser is still alive.

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As is common, the justices did not explain why they declined to consider the case. There were no public dissents. Lower courts have previously rejected his arguments.

kelly

Supreme Court Declines To Hear Appeal From Singer R. Kelly, Convicted Of Child Sex Crimes

According to federal prosecutors, the video shows Robert sexually abusing a girl. The accuser, Jane, testified that she was 14 when the video was taken.

Robert has also appealed a 30-year sentence for federal racketeering and sex trafficking charges in New York.

SOURCE | AP

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Keanu Reeves Spins Out At Indianapolis Motor Speedway In Pro Auto Racing Debut

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Indianapolis — Hollywood actor Keanu Reeves made his professional car racing debut on Saturday, spinning out at the historic Indianapolis Motor Speedway.

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Keanu Reeves Spins Out At Indianapolis Motor Speedway In Pro Auto Racing Debut

Keanu swerved into the grass without colliding on the exit of Turn 9, slightly more than halfway through the 45-minute race. He re-entered and started driving, indicating that he was uninjured.

Keanu, who qualified 31st out of 35 cars, raced as high as 21st and escaped a first-lap accident in Turn 14. Reeves placed 25th.

Keanu, 60, is racing in Indianapolis in the Toyota GR Cup, a Toyota spec-racing series and a support series for this weekend’s Indy 8 Hour sports car race. He has a second race on Sunday.

Keanu is driving the No. 92 BRZRKR automobile to promote his graphic novel, “The Book of Elsewhere.” He is teammates with Cody Jones from “Dude Perfect.”

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Keanu Reeves Spins Out At Indianapolis Motor Speedway In Pro Auto Racing Debut

Keanu has previous racing experience, having competed in the Toyota Grand Prix of Long Beach’s celebrity race. Reeves won the event in 2009.

He and co-star Sandra Bullock will attend a 30th anniversary screening of “Speed” on Tuesday in Los Angeles.

SOURCE | AP

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