Krystal Hu and Anirban Sen

(Reuters) – Trump’s former president will still be able retain ownership of the social media company he launched, even if he runs for another White House or is convicted in a criminal investigation into his business transactions.

Trump stated last week that TRUTH Social would become a company through a merger of Trump Media and Technology Group and Blank-check Digital World Acquisition Corp.

According to Tuesday’s regulatory filings, Trump was called the “company principal,” even though he was not given the precise value of his share in the company.

The former president will still own TMTG even if there is a material disruptive event. However, his shares are protected by a clause in the most recent filings.

The filing states that the Company Principal will be able to control the Company’s ownership and position so as to avoid any restructuring or other changes required in order to ensure business continuity.

Trump lost his last election for president in 2020. He has hinted repeatedly that he could run again for presidency in 2024.

Trump and his business interests have also been the focus of many investigations by U.S authorities – Trump’s nameake company was indicted in June. This is the first indictment to be brought against Trump after a two-year-long probe by New York prosecutors.

DWAC highlighted risks associated with Trump in the most recent filings.

“The Purchaser hereby acknowledges the controversial nature of being associated with the Company Principal and the Company Principal’s family,” it said.

TMTG shareholders will be eligible for an additional 40,000,000 shares as part of the earnout clause. This is based upon the performance of DWAC’s share prices, which closed Tuesday at nearly 30%, but still trade well above $10/share SPAC’s IPO price.

Reuters published an October report that DWAC’s merger with TMTG had brought a $420 million potential win for Patrick Orlando (the main supporter of DWAC), who for ten years has tried to reinvent himself as a dealmaker.