Posted on 04/15/2024 6:47:54 AM PDT by Reno89519
Shares of Trump Media plunged more than 17% in the pre-trading hours after the company filed to issue millions of additional shares of stock.
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Shares of Trump Media plunged more than 11% on Monday after the company filed to issue millions of additional shares of stock.
Trump Media’s dramatic slide came as Donald Trump headed to a Manhattan court to begin jury selection for his criminal trial on hush money-related charges. Trump is the majority stakeholder in the company.
Trump Media, which created the Truth Social app and trades under the stock ticker DJT on the Nasdaq, fell nearly 20% last week.
The company’s intent to issue more common stock was made public Monday morning in a “preliminary prospectus” filed to the Securities and Exchange Commission. The shares cannot be issued until a registration statement with the SEC goes into effect.
The filing describes a plan to offer more than 21.4 million shares of common stock, issuable “upon the exercise of warrants,” the filing shows. Stock warrants give their holder the ability to buy shares at a predetermined price within a certain time frame.
The closing price of Trump Media’s warrants was $13.69 as of Friday, according to the filing. The warrants are being traded on the Nasdaq under the ticker “DJTWW.” That ticker was down more than 8% before the market opened Monday.
The company also seeks to offer the resale of up to 146.1 million shares of stock from “selling securityholders,” 114.8 million of which are held by Trump himself. Trump owns 78.8 million shares of the company, and stands to obtain 36 million “earnout shares” if the stock stays above a certain price for enough trading days.
(Excerpt) Read more at cnbc.com ...
52 week high: $79.38
52 week low: $12.40
Current: "$28.66
The company has very little revenue at the moment.
Nonsense. You’re the same one who was hoping the merger didn’t get through so you could cut your losses. You’re either lying or ignorant about the stock. When warrants are exercised new stock will be issued. Has been the plan from day 1.
It’s dropping like a rock. It’s astonishing. Typically stocks do fall a bit after going public but not like this and typically recover pretty quickly. I hope trump can sell in five months.
lol. Your funny.
Selling short is a great game.
You know the people that hate Trump are involved and will spends millions to destroy this company
CNBC (Communist National Broadcasting Company)
Look at Johnny one note, the author?
https://www.cnbc.com/kevin-breuninger/
Pure Trump hater propaganda.
Horrible source. Zero Credibility
The way wall street was hit last week nothing looks safe until after November.
if you knew that the deep state would screw with you, why go in in the first place?
the stock will rebound when biden’s dollar stops being the world’s currency for oil purchases and inflation hits 100+% month after month. Spend those dollars before they become worthless.
That's the spirit.
Surrender to the Deep State.
I suppose the filing mentions risks that have been mentioned before, but it has many interesting things
The warrants have a time bomb inside, which isn’t completely clear to me but seems like if the stock trades above $18 for a certain number of days, the company can “yoink” them back for a penny. They mention some recent information which sounds as if the countdown is proceeding.
The relationship with Trump and his continuing to boost Truth Social is pretty obviously the only thing of value the company has, but he gets to break the agreement if he decides it doesn’t meet the “highest standards of quality” and they don’t fix it in 30 days. They admit this criterion is entirely subjective. This is probably not new, but is pretty funny.
Similarly amusing, they have to list possibilities like “conviction” and “incarceration” for the guy who controls 57% of the voting power. I don’t think Facebook is disclosing that risk for their top dude.
like i said, if you want to help president trump, give money to him instead of buying stock right at this moment until it drops further because of dilution.
I’m set to buy maybe a thousand shares when it hits below $17, i think it has one more chance to go up at its current state.
never buy on opening day
—> It’s dropping like a rock. It’s astonishing.
hype stocks always sell for astronomical prices…
Until their results are measured accurately.
RCA was the same.
Dotcom stocks were the same.
No, YOU’RE funny.
And that changes the information shared? Stock is now $26.83.
Why does Truth Social have to worry about haters when it has Nunes with multiple failures to deliver?
This is all the braindead “experts” can talk about. “Trumps media” going broke. They more like “expert” azhos. How come we never hear the bass turds talking about that crook, Menendez or Big Fani Willis?
(Why does Truth Social have to worry about haters when it has Nunes with multiple failures to deliver?)
Failures pertaining to what specifically?
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