Trump Media & Technology Group shares are trading lower after the company on Monday filed a a prospectus for the issuance of up to 14.4 million common shares upon the warrant exercise and resale of 146.1 million shares by selling stockholders, including 78.8 million shares held by Trump.
Portfolio Pulse from Benzinga Newsdesk
Trump Media & Technology Group shares are trading lower after the company filed a prospectus for the issuance of up to 14.4 million common shares upon warrant exercise and resale of 146.1 million shares by selling stockholders, including 78.8 million shares held by Trump.
June 11, 2024 | 4:23 pm
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Trump Media & Technology Group shares are trading lower due to the prospectus filing for issuing and reselling a significant number of shares.
The filing indicates a potential increase in share supply, which can dilute existing shares and put downward pressure on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100