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Trump Media & Technology Group Stock Plummets Amid New Warrants

Trump Media & Technology Group's stock fell sharply after announcing plans to issue up to 14.4M shares, closing Tuesday down 9.82%.

by Lilu Anderson
Wed, Jun 19, 2024 8:48am
in Stock Market
• 2 mins read
14.8k
Trump Media & Technology Group Stock Plummets Amid New Warrants | FinOracle

Photo: Finoracle.net

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Trump Media & Technology Group's Stock Plummets Following New Share Issuance

Trump Media & Technology Group's (TMTG) stock took a significant hit on Tuesday. This decline came after the company filed a prospectus on June 10 detailing a plan to issue up to 14.4 million common shares. Additionally, the company plans to allow the resale of 146.1 million shares by selling stockholders, including 78.8 million shares held by Donald Trump.

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