Trump Media & Technology Group shares are trading lower after the SEC declared effectiveness of the registration statement on Form S-1 related to the resale by certain securityholders of certain shares and warrants.
Portfolio Pulse from Benzinga Newsdesk
Trump Media & Technology Group shares are trading lower after the SEC declared effectiveness of the registration statement on Form S-1 related to the resale by certain securityholders of certain shares and warrants.
June 20, 2024 | 11:25 am
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Trump Media & Technology Group shares are experiencing a decline following the SEC's declaration of the effectiveness of the Form S-1 registration statement, which pertains to the resale of shares and warrants by certain securityholders.
The SEC's declaration of the effectiveness of the Form S-1 registration statement allows certain securityholders to resell shares and warrants, which can increase the supply of shares in the market and put downward pressure on the stock price.
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