On August 9, 2024, Trump Media & Technology Enters Registration Rights Agreement With WorldConnect IPTV Solutions And JedTec As Part Of Asset Acquisition; 5.1M Shares Issued As Consideration With Registration Rights Granted Under The Securities Act
Portfolio Pulse from Benzinga Newsdesk
Trump Media & Technology has entered into a registration rights agreement with WorldConnect IPTV Solutions and JedTec as part of an asset acquisition. As consideration, 5.1 million shares have been issued with registration rights granted under the Securities Act.
August 09, 2024 | 8:30 pm
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Trump Media & Technology has issued 5.1 million shares as part of an asset acquisition agreement with WorldConnect IPTV Solutions and JedTec. The shares come with registration rights under the Securities Act.
The issuance of 5.1 million shares as part of an asset acquisition indicates a strategic expansion for Trump Media & Technology. The registration rights under the Securities Act could attract investor interest, potentially driving the stock price up in the short term.
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