Trump Media Shares Continue to Fall 4% After a 18% Decline on Monday

Tiger Newspress04-16

Trump Media shares continue to fall 3.91% after a 18% decline on Monday.

In an SEC filing Monday morning, Trump Media & Technology Group revealed plans to allow the future potential sale of millions of shares currently restricted under the terms of warrants held by investors that can be converted into shares of common stock.

Trump Media & Technology Group also plans to allow shares held by company insiders to be sold ahead of schedule.

The filing notably includes all shares held by the former president, whose roughly 57% ownership stake in the company remains subject to a lockup period that restricts Trump from selling his shares for approximately another five months. Trump's social media network, Truth Social, is the company's primary asset.

For perspective, Trump Media & Technology Group only just became a publicly traded company late last month, completing its SPAC merger with so-called blank-check company Digital World Acquisition Corp. on March 25.

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Comments

zetora420
04-16
zetora420
For lack of a better word... "Scam".
Guavaxf30
04-16
Guavaxf30
Trump Media is the junk or junk. How anyone can rateb th is as a genuine business I will nevr understand.

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