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Trump Media shares plunge 11% after company files to issue additional DJT stock
CNBC ^ | April 15, 2024 | Kevin Breuninger

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.

...

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 ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: djt; dramatic; gobacktodu; itsacult; napscoordinator; nevertrumpingtroll; nonsensecoordinator; notfoolinganyone; plundge; posterlovesbiden; rino89519; rinocoordinator; rinosaretraitors; rinosedition; slide; trump; truthsocial; votedforbiden; yourcoverisblown; zotthistroll
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Last week there were reports of valuation around $2 a share, here are warrants for $13.69. Not good for investors. How much longer will Nunes last?

52 week high: $79.38

52 week low: $12.40

Current: "$28.66

1 posted on 04/15/2024 6:47:54 AM PDT by Reno89519
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To: Reno89519

The company has very little revenue at the moment.


2 posted on 04/15/2024 6:51:54 AM PDT by JSM_Liberty
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To: Reno89519

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.


3 posted on 04/15/2024 6:51:55 AM PDT by wiseprince (Me)
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To: Reno89519

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.


4 posted on 04/15/2024 6:53:25 AM PDT by napscoordinator (DeSantis is a beast! Florida is the freest state in the country! )
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To: wiseprince

lol. Your funny.


5 posted on 04/15/2024 6:54:15 AM PDT by napscoordinator (DeSantis is a beast! Florida is the freest state in the country! )
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To: napscoordinator

Selling short is a great game.


6 posted on 04/15/2024 6:55:31 AM PDT by Sacajaweau
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To: Reno89519

You know the people that hate Trump are involved and will spends millions to destroy this company


7 posted on 04/15/2024 6:55:37 AM PDT by butlerweave
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To: Reno89519

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


8 posted on 04/15/2024 6:56:48 AM PDT by Texas Fossil (Texas is not about where you were born, but a Free State of Heart, Mind and Attitude.)
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To: Reno89519

The way wall street was hit last week nothing looks safe until after November.


9 posted on 04/15/2024 6:58:28 AM PDT by Vaduz
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To: butlerweave

if you knew that the deep state would screw with you, why go in in the first place?


10 posted on 04/15/2024 7:02:37 AM PDT by VAFreedom (Wuhan Pneumonia-Made by CCP, Copyright Xi Jingping)
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To: Vaduz

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.


11 posted on 04/15/2024 7:05:14 AM PDT by urbanpovertylawcenter (the law and poverty collide in an urban setting and sparks fly)
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To: VAFreedom
if you knew that the deep state would screw with you, why go in in the first place?

That's the spirit.

Surrender to the Deep State.

12 posted on 04/15/2024 7:06:33 AM PDT by FreeReign
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To: Reno89519

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.


13 posted on 04/15/2024 7:09:36 AM PDT by VAFreedom (Wuhan Pneumonia-Made by CCP, Copyright Xi Jingping)
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To: Reno89519

never buy on opening day


14 posted on 04/15/2024 7:10:26 AM PDT by BigFreakinToad (Remember the Biden Kitchen Fire of 2004)
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To: napscoordinator

—> 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.


15 posted on 04/15/2024 7:12:38 AM PDT by aMorePerfectUnion
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To: napscoordinator

No, YOU’RE funny.


16 posted on 04/15/2024 7:15:25 AM PDT by wiseprince (Me)
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To: Texas Fossil

And that changes the information shared? Stock is now $26.83.


17 posted on 04/15/2024 7:18:47 AM PDT by Reno89519 (If Biden is mentally unfit to stand trial, he is mentally unfit to be president. He needs to resign.)
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To: butlerweave

Why does Truth Social have to worry about haters when it has Nunes with multiple failures to deliver?


18 posted on 04/15/2024 7:20:18 AM PDT by Reno89519 (If Biden is mentally unfit to stand trial, he is mentally unfit to be president. He needs to resign.)
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To: Reno89519

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?


19 posted on 04/15/2024 7:25:24 AM PDT by FlingWingFlyer (Gun show sales aren't the problem, public school zombie walkers are the problem.)
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To: Reno89519

(Why does Truth Social have to worry about haters when it has Nunes with multiple failures to deliver?)

Failures pertaining to what specifically?


20 posted on 04/15/2024 7:25:27 AM PDT by Macho MAGA Man (The last two weren't balloons. One was a cylindrical objects Trump is being given the Alex Jones tr)
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