Trump Media & Technology Group Announced The Resale Of 37.97M Shares Under A Standby Equity Purchase Agreement With Yorkville
Portfolio Pulse from Benzinga Newsdesk
Trump Media & Technology Group (TMTG) announced the resale of 37.97 million shares under a standby equity purchase agreement with Yorkville. The agreement allows TMTG to issue and sell shares to Yorkville up to $2.5 billion.
July 16, 2024 | 9:34 am
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Trump Media & Technology Group (TMTG) announced the resale of 37.97 million shares under a standby equity purchase agreement with Yorkville, potentially diluting existing shares.
The resale of 37.97 million shares under the standby equity purchase agreement with Yorkville could lead to dilution of existing shares, which may negatively impact the stock price in the short term.
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