(NEWSnet/AP) — Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will begin trading Tuesday on Nasdaq.

The common stock will trade under the ticker symbol “DJT.”

On March 22, shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with Trump’s media business.

Shares of Digital World have been volatile. On Friday the stock slumped 13.7% after the merger was approved. In afternoon trading Monday soared 22% to $45.40.

Former president Donald Trump is set to own most of the combined company, or nearly 79 million shares. The value of his stake could be nearly $3 billion.

He won’t be able to cash-out stake in company immediately, unless the board makes changes to a “lock-up” provision that prevents company insiders from selling newly issued shares for six months.

Truth Social launched in February 2022, after Trump was banned from several major social platforms, including Facebook and the former Twitter. He since has been reinstated to both, but has stuck with Truth Social. 

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