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Trump Media and Technology Group (DJT) Shares Nosedive as the Company Files to Issue 21.5 Million New Shares

NewsTech

Published:

Trump Media and Technology Group

Trump Media and Technology Group (NASDAQ: DJT) appears to have caught a lot of investors by surprise after filing for the issuance of new shares in what is usually a routine affair in the de-SPAC process. To wit, Truth Social's parent entity has now filed with the SEC to pave the way for the following transactions: The issuance of 21.491 million shares upon the exercise of warrants The permission for Trump Media and Technology Group insiders to sell up to146.108 million common shares after the expiration of their lock-up period, which is the earliest of either the 25th of September, […]

Read full article at https://wccftech.com/trump-media-and-technology-group-djt-shares-nosedive-as-the-company-files-to-issue-21-5-million-new-shares/

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