Trump Set for Another $1.3 Billion in Shares He Can't Sell Yet [BNN Bloomberg (Canada)]
Trump Media & Technology Group Corp. (DJT)
Company Research
Source: BNN Bloomberg
certain targets to his present windfall from the merger, yet he remains unable to cash any of it in. With shares of Trump Media & Technology Group Corp. regaining steam last week, the former president and insiders are set to receive 40 million shares to split as soon as today's close after fulfilling terms related to a so-called earnout. With 36 million of the additional shares earmarked for Trump — which would bring his total position to nearly 115 million shares and bump his holdings to roughly 65% — his stake in the Truth Social parent would be worth $4.1 billion based on Monday's closing price. Not only does the figure mark a steep decline from the $6.3 billion Trump's original position was worth in the days after the company debuted, it draws into sharp relief the fact that even as Trump and other insiders' paper wealth grows, they are currently unable to sell any shares until September due to a lock-up related to the deal. Read More: Trump Mastered The Art of the SPAC De
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DJT
News
- Parent company of Trump's Truth Social posts $328 mln loss [Yahoo! Finance]Yahoo! Finance
- Trump Media Reports $770,000 in Revenue for First Quarter and Large Losses [The New York Times]The New York Times
- Trump Media lost $327.6 million in the first quarter of the year on revenue of just $770,500 [MSNBC.com]MSNBC.com
- Trump media company lost more than $327m in first quarter [Yahoo! Finance]Yahoo! Finance
- Trump Media Reports $327M First Quarter Loss, Posts Revenue of Just $770K [Yahoo! Finance]Yahoo! Finance
DJT
Sec Filings
- 5/20/24 - Form 10-Q
- 5/20/24 - Form 8-K
- 5/15/24 - Form NT
- DJT's page on the SEC website