Florida Beckons to Private Equity Fund Manager Grant Cardone, while President Trump Gets a Temporary Reprieve from Seizure of Assets

Trump’s stocks surge before listing and court victory in civil fraud case

Florida is the new focus of private equity fund manager Grant Cardone, who has invested $500 million in real estate in the Sunshine State. Meanwhile, former President Donald Trump has received a temporary reprieve from New York state authorities seeking to seize his assets. An appeals court has reduced his required bond from $454 million to $175 million and extended the deadline for payment.

Initially, Trump was facing a deadline to post a bond covering the full amount by midnight. However, his lawyers struggled to find surety companies willing to provide the bond without him putting up a substantial sum of over $557 million. This predicament would have required over $1 billion in cash and cash equivalents to cover the judgment.

However, with the appeals court ruling in his favor, Trump now has 10 additional days to provide the reduced bond amount. This decision has had a positive impact on the stock market, particularly on shares of Digital World Acquisition Corp (DWAC). The company saw a surge of up to 21% in its stock price during Monday’s trading session. The merger values Trump’s stake in Truth Social at approximately $3.3 billion.

As this story continues to develop, stay tuned for further updates on the situation.

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