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

  • 📰 Forbes
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

Trump's media company is selling shares to hedge funds to capitalize off a steep runup in the share price

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.

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:

 /  🏆 394. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Grifters gonna grift

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!

United States United States Latest News, United States United States Headlines