Donald Trump’s fledgling social media venture will begin trading as a public company on Tuesday, setting the former president up for a potentially massive payday if all goes to plan.

Trump Media & Technology Group is slated to debut on Nasdaq under the ticker “DJT,” according to a securities filing released Monday. The company, which operates Truth Social, will take over the listing of Digital World Acquisition Corp., a blank-check entity that has been scrambling for much of the past two years to complete a $300 million merger with Trump Media. Shareholders approved the deal Friday.

For Trump, the Wall Street listing marks what could be a multibillion-dollar win as he faces more than $500 million in civil penalties on top of legal fees. With the deal’s closing — and a panel of judges in New York slashing the bond Trump needs to post in a civil fraud case — Trump’s net worth hit a record high of $6.5 billion, Bloomberg reported Monday, adding that he is now among the world’s richest 500 people — on paper. But the shares are not a panacea for Trump’s financial woes.

The GOP nominee is set to own more than 78 million shares in the combined company — a stake currently valued at about $3.5 billion. Yet Trump’s stock will be tied up for six months under a lock-up agreement, a typical arrangement that effectively bars company insiders from dumping their shares once a company goes public.

The company’s board — a group that consists of Trump’s son Donald Trump Jr. as well as several former Trump administration officials — could lift the lock-up beforehand. But even then, Trump will likely be able to sell only a small amount of his stake — up to 1 percent of the outstanding stock — in a given three-month period under the securities laws, according to several law professors who are watching the deal.

Pitched more than two years ago, the deal is nonetheless a much-needed cash infusion of at least $300 million for Trump Media. The company, whose business revolves around Truth Social, recorded a more than $26 million loss in the quarter ended Sept. 30, 2023.

Shares in Digital World shot up more than 20 percent Monday.