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Trump Media And Technology Group (DJT) Expects Its Unrestricted Cash To Swell To $240 Million And Receive An Additional $69.4 Million From The Cash Exercise Of Its Warrants

NewsTech

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Trump Media and Technology Group

In a major boost to its liquidity, Trump Media and Technology Group (NASDAQ: DJT), the parent entity of the Truth Social platform, now expects to receive a significant sum from the cash exercise of its warrants as well as unlock another chunk of the restricted cash on its balance sheet. On the 18th of June, the SEC declared Trump Media and Technology Group's amended Form S-1 effective, which paved the way for the company to register up to 14.375 million common shares that are issuable upon the exercise of up to 4.061 million of its warrants. The filing also permits […]

Read full article at https://wccftech.com/trump-media-and-technology-group-djt-expects-its-unrestricted-cash-to-swell-to-240-million-and-receive-an-additional-69-4-million-from-the-cash-exercise-of-its-warrants/

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