Trump Media & Technology Group Files Prospectus For Issuance Of Up To 14.4M Common Shares Upon Warrant Exercise And Resale Of 146.1M Shares By Selling Securityholders, Including 78.8M Shares Held By President Trump; No Proceeds From Sales By Securityholders
Portfolio Pulse from Benzinga Newsdesk
Trump Media & Technology Group has filed a prospectus for the issuance of up to 14.4 million common shares upon warrant exercise and the resale of 146.1 million shares by selling securityholders, including 78.8 million shares held by President Trump. The company will not receive any proceeds from the sales by securityholders.
June 10, 2024 | 2:55 pm
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Trump Media & Technology Group has filed a prospectus for issuing up to 14.4 million shares and reselling 146.1 million shares, including 78.8 million by President Trump. The company will not receive proceeds from these sales.
The issuance of new shares and the resale of a large number of shares, especially those held by President Trump, could lead to a dilution of existing shares and potential downward pressure on the stock price.
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