Reported Wednesday, Trump Media & Technology Announces Perpetual Licensing Agreement For Streaming Technology And Long-Term Equity Financing
Portfolio Pulse from Benzinga Newsdesk
Trump Media & Technology Group (TMTG) announced a perpetual licensing agreement for streaming technology and long-term equity financing. The deal involves issuing up to 5,100,000 shares of common stock and $17.5 million to be paid over three years.
July 05, 2024 | 3:00 pm
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Trump Media & Technology Group (TMTG) announced a perpetual licensing agreement for streaming technology, financed by issuing up to 5,100,000 shares and $17.5 million over three years.
The perpetual licensing agreement and long-term equity financing are significant for TMTG's growth and expansion in the streaming market. Issuing shares and securing financing indicates a strong commitment to developing their streaming service, which could positively impact the stock price.
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IMPORTANCE 80
RELEVANCE 100