Trump Media and Technology Group, the entity controlling the Truth Social platform, has recently experienced a streak of good luck. The company’s stock will now be included in the Russell 1000 and Russell 3000 indexes as part of their annual reconstitution. This development opens up new opportunities for passive liquidity and can help stabilize the stock’s volatility.
In addition to this, Trump Media and Technology Group has announced that it expects to receive $69.4 million from the cash exercise of its warrants. This influx of cash will be used for various purposes, including working capital, acquisitions, and general corporate needs. The SEC’s declaration of effectiveness of the company’s amended Form S-1 has also freed up $40 million in restricted cash on Trump Media’s balance sheet, increasing its total unrestricted cash to $240 million.
Despite these positive developments, DJT shares are currently trading slightly lower. The stock has seen a 30 percent decline over the past month but still maintains overall gains for the year. It is important to note that this information is not intended as investment advice, and the author does not hold any positions in the stocks mentioned. Wccftech.com follows a disclosure and ethics policy to provide accurate and unbiased information.
Sampdoria is on the verge of finalizing a deal to sign teenage midfielder Ebenezer Akinsanmiro…
Caitlin Clark, the No. 1 overall pick, had a historic game on Saturday afternoon during…
Caitlin Clark and the Indiana Fever are scheduled to play against the New York Liberty…
The conflict between Ukraine and Russia continues to persist more than two years after the…
Lockdown sceptics have criticized Sir Keir Starmer's appointment of Sir Patrick Vallance as a minister,…
As of January 2024, China boasted the largest armed forces in the world with approximately…