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

📆 15/04/2024 16:51:00
📰 globeandmail

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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.

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