Trump Media & Technology Group stock falls as it files to sell shares
In a move that has resulted in significant volatility for the stock, Trump Media & Technology Group , the operator of the Truth Social platform associated with former President Donald Trump, has filed a registration statement with the U.S. Securities and Exchange Commission to register certain shares of common stock and warrants for resale or initial issuance.
The registration statement, filed as Form S-1, outlines DJT's intention to make certain shares and warrants available to existing security holders. However, DJT will not directly benefit from the resale of securities by these selling security holders, nor will it profit from any future sale of registered securities unless connected to the exercise of outstanding warrants for cash.
The announcement has had a notable impact on the stock, with shares of DJT falling over 16% following the news. Investors appear cautious amid uncertainty about potential future sales.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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