Trump Media shares plunge 17% with newly available DJT shares set to dilute stock value
Publishing timestamp: 2024-06-18 17:13:31
Summary
Trump Media's stock price dropped by 17% in after-hours trading after SEC declared registration of additional shares effective. Early investors can now exercise warrants, potentially leading to a decline in stock price. Company expects to receive up to $247 million in proceeds and plans to pursue TV streaming and mergers/acquisitions.
Sentiment: MIXED
Tickers: DJT,
Keywords: breaking news: politics, weather, politics, social media, business news, breaking news: markets, donald trump, markets, trump media & technology group corp, business,