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A Delaware judge won\u2019t stand in the way of a March 22 shareholder vote on a merger involving\u00a0Trump Media & Technology Group<\/a>\u00a0that may provide a $4 billion windfall for former President\u00a0Donald Trump.<\/p>\n Delaware Chancery Court<\/a>\u00a0Judge\u00a0Sam Glasscock III<\/a>\u00a0said Saturday he wouldn\u2019t hold up the vote because of complaints by Trump Media co-founders Andy Litinsky and Wes Moss that the former president seeks to dilute their 8.6% stake in the business as part of the merger.<\/p>\n Litinsky and Moss \u2014 ex-contestants on Trump\u2019s TV show The Apprentice who joined forces with him to form Trump Media \u2014 allege the former president wants to increase the amount of shares in Trump Media to water down their stake and potentially generate billions to pay off legal judgments.<\/p>\n Glasscock declined to hold a hearing on the challenged merger before the March 22 vote because if Trump agrees to put the extra shares in an escrow account during the dispute, then \u201cmaybe the whole thing will go away,\u201d he noted in a Zoom<\/a> call.<\/p>\n Officials at\u00a0Digital World Acquisition Corp.<\/a>\u00a0\u2013 the blank-check company slated to host the vote \u2014 have already agreed to escrow the disputed stock in a separate suit filed by Patrick Orlando\u2019s ARC Global Investments II. In its suit, ARC challenged the conversion rate proposed for its founder\u2019s stake, with the firm arguing it should get more shares in the merged company. Orlando is Digital World\u2019s ex-chief executive officer.<\/p>\n Lori Will,\u00a0the Chancery judge in that case, earlier this week turned down a request to expedite the suit, citing the escrow.<\/p>\n Digital World\u2019s stock has soared this year, valuing Trump\u2019s stake at billions of dollars, at least on paper. It\u2019s a possible financial lifeboat for the ex-president, who faces hundreds of millions in legal judgments from the state of New York\u2019s suit targeting fraudulent valuations of his assets and advice columnist\u00a0E. Jean Carroll\u2019s suit over statements Trump made about her allegations he sexually assaulted her. Trump posted a nearly\u00a0$92 million<\/a>\u00a0bond in that case Friday.<\/p>\n The case by Litinsky and Moss is United Atlantic Ventures v Trump Media, 2024-0184, Delaware Chancery Court (Georgetown).<\/p>\n<\/div>\n\nSubscribe to the CFO Daily newsletter to keep up with the trends, issues, and executives shaping corporate finance. Sign up<\/a> for free.<\/div>\n<\/div>\n