Trump Media Company Reportedly Seeks To Raise $1 Billion After Whiffing On Target Date To Launch Website

Former President Donald Trump's new media company is trying to raise up to $1 billion by selling shares to hedge funds, according to, as it seeks to capitalize off a steep runup in the share price of the blank check company that’s acquiring it.... [+]The Trump Media and Technology Group is reportedly looking to secure funding through a private investment in public equity, commonly called a PIPE, selling shares that value the company around $3 billion.

DWAC shares surged more than 15% from $38.50 Wednesday afternoon to close at $44.35 after the Reuters report was published, and later climbed above $50 at times after hours.

You said that yesterday

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Trump Media Company Reportedly Seeks To Raise $1 Billion After Whiffing On Target Date To Launch WebsiteTrump's media company is selling shares to hedge funds to capitalize off a steep runup in the share price Non linear ware fare is theatre. Ford’s Theatre, honest Abe. Divide and conquer is their agenda. I don’t think it’s reverse psychology at all. “I’m not buying it” calling bs 2021. Reference to Abraham Lincoln’s existence. Winston Churchill my ass! Grifters gonna grift
Source: Forbes - 🏆 394. / 53 Read more »