TMTG registers stock for resale post-merger

  • Investing.com
TMTG registers stock for resale post-merger

SARASOTA, Fla. - Trump Media & Technology Group Corp. (NASDAQ: DJT), the operator of the social media platform Truth Social, announced today the filing of a registration statement with the U.S. Securities and Exchange Commission (SEC). This filing pertains to the registration of shares of common stock and warrants for resale or initial issuance, following the company's business combination with Digital World Acquisition Corp. on March 25, 2024.

The securities being registered are held by existing security holders of TMTG or underlie securities held by them. TMTG has clarified that it will not receive any proceeds from the resale of securities by the selling security holders as per this registration statement. Moreover, no proceeds will benefit TMTG from the sale of any securities registered on the statement, except in the case of potential future cash exercises of any outstanding warrants.

It is important to note that the listing of an individual as a selling security holder in the registration statement does not necessarily indicate an intention to sell their shares. TMTG's directors and officers, including its affiliate President Donald J. Trump and other security holders, are currently under a lockup period or other restrictions preventing them from selling any shares.

The registration statement has been filed with the SEC but is pending effectiveness. Until the registration statement is declared effective, the securities cannot be sold, nor can offers to buy be accepted. The registration statement is subject to further amendment and completion.

This announcement is based on a press release statement.

InvestingPro Insights

As Trump Media & Technology Group Corp. (NASDAQ: DJT) navigates the process of registering shares for resale or initial issuance, investors are closely monitoring the company's stock performance. InvestingPro data indicates a mixed short-term performance with a -2.74% one-week total return and a -2.52% year-to-date total return, suggesting some recent market volatility. However, longer-term data paints a more positive picture, with a 8.78% one-year total return, highlighting potential investor confidence in the company's future prospects.

The average daily trading volume over the past three months stands at 109.81 million, which reflects substantial investor interest and activity in the stock. This level of liquidity is essential for investors who may be considering the timing of their trades in light of the pending registration statement.

InvestingPro Tips related to DJT's performance and market trends can provide investors with additional insights as they evaluate the company's potential. With more tips available on the platform, investors can make more informed decisions. For those looking to access these valuable resources, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. Currently, there are 7 additional InvestingPro Tips available for DJT, each offering strategic guidance based on real-time data and expert analysis.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles