Trump Media And Yorkville's July 3 SEPA Enables Trump Media To Direct Yorkville To Purchase Up To $2.5B Shares
Portfolio Pulse from Benzinga Newsdesk
Trump Media & Technology Group Corp. (TMTG) has entered into a standby equity purchase agreement (SEPA) with Yorkville, allowing TMTG to direct Yorkville to purchase up to $2.5 billion in shares. The prospectus includes the resale of nearly 38 million shares of common stock.
July 16, 2024 | 9:38 am
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Trump Media & Technology Group Corp. (TMTG) has entered into a SEPA with Yorkville, allowing the purchase of up to $2.5 billion in shares. This could lead to significant stock price movements as nearly 38 million shares are included in the prospectus.
The SEPA agreement allows TMTG to direct Yorkville to purchase a substantial amount of shares, which could lead to increased liquidity and potential stock price movements. The inclusion of nearly 38 million shares in the prospectus highlights the significant impact on the stock.
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