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Trump Media shares tank after company says it could sell more stock

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Shares of Donald Trump's social media company slumped 12 per cent on Monday, extending their string of losses, after the company said in a regulatory filing that it could sell millions of additional shares in coming months. The filing showed a potential sale of 146.1 million shares including 114.

FILE PHOTO: The Truth social network logo is seen displayed behind a woman holding a smartphone in this picture illustration taken February 21, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoShares of Donald Trump's social media company slumped 12 per cent on Monday, extending their string of losses, after the company said in a regulatory filing that it could sell millions of additional shares in coming months.

It also listed an additional 21.5 million shares that could be sold upon the exercise of certain warrants issued when the company went public through a blank-check merger with Digital World Acquisition Corp.

Source: News Formal (newsformal.com)

 

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