Former President Donald Trump is poised to receive up to 36 million additional shares of Trump Media after trading closes Tuesday.
The shares would be worth more than $1.25 billion at current prices.
Trump Media, which owns the Truth Social app, set aside these so-called earnout shares for him if the company’s stock met a minimum share price benchmark.
Trump, who is the presumptive Republican presidential nominee, was in New York for opening statements in his criminal hush money trial.
