News Formal

Trump Media shares tank after company says it could sell more stock

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 19 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 175%
  • Publisher: 92%

Canadian News News

Canada News,Breaking News Video,Canadian Breaking News

Filing shows a potential sale of 146.1 million shares

) slumped 12% on Monday, extending their string of losses, after the company said in a regulatory filing that it could sell millions of additional shares in coming months.

It also listed an additional 21.5 million shares that could be sold upon the exercise of certain warrants issued when the company went public through a blank-check merger with Digital World Acquisition Corp. Trump, a former U.S. president and presumed Republican 2024 nominee, is on trial in a Manhattan court related to hush money payments to a porn star.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump sues two Trump Media co-founders, seeking to void their stock in the companySAN FRANCISCO (AP) — Donald Trump is suing two co-founders of Trump Media & Technology Group, the newly public parent company of his Truth Social platform...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »