Posted on 12/01/2021 2:30:33 PM PST by janetjanet998
(Reuters) -Former President Donald Trump's new social media venture is seeking to raise up to $1 billion by selling shares to hedge funds and family offices at several times the valuation it commanded in a deal with a blank-check acquisition firm in October, two people familiar with the matter said.
Trump Media & Technology Group, which has yet to roll out the social media app it says it is developing, already stands to receive $293 million if its deal to list in New York through a merger with blank-check firm Digital World Acquisition Corp is completed.
(Excerpt) Read more at finance.yahoo.com ...
most thought the PIPE was going to be at $10 a share...looks to be at least 30
In other words less dilution to raise the funds
after hours 54.60 +10.25 (+23.11%) After hours: 5:29PM EST
How can Trump afford to run for POTUS again if in order to please all the player-haters in this country, he’ll be inliged to hobble himself again, financially speaking?
” Two persons familiar with the matter said “.
In other words, a Reuters editor ordered a hit piece on the 45th president, and the writer dutifully complied, supplying anonymous sources.
obliged
They twisted the title around like a pretzel to mislead into believing Trump was looking for a “raise”.
They are SO PATHETIC!
So which is the actual stock, to buy?
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