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

📆 2024-04-15 10:14 AM
📰 ChannelNewsAsia

⏱ Reading Time:
11 sec. here
2 min. at publisher
📊 Quality Score:
News: 8%
Publisher: 66%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Shares of Donald Trump's social media company slumped 12 per cent 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. The filing showed a potential sale of 146.1 million shares including 114.

FILE PHOTO: The Truth social network logo is seen displayed behind a woman holding a smartphone in this picture illustration taken February 21, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoShares of Donald Trump's social media company slumped 12 per cent 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.

Write Comment

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:

Canada Canada Latest News, Canada Canada Headlines

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

Trump media merger is approved, providing fresh source of cashTrump Media will debut with a market value of more than US$5 billion.
Source: The Straits Times - 🏆 8. / 63 Read more »

Trump's Social Media Company Completes Merger, Raises Wealth by BillionsFormer president Donald Trump's social media company completes merger with cash-rich shell company, raising Trump's wealth by billions and potentially providing him a fresh source of cash to pay his mounting legal bills.
Source: The Straits Times - 🏆 8. / 63 Read more »