Trump Media And Technology Group Registers Over 142 Million Shares For Potential Sale

Trump Media & Technology Group, the company founded by former President Donald Trump, has registered over 142 million shares for a potential sale. The shares are divided between a primary offering of up to 8.4 million shares and a secondary offering of up to 134 million shares.

The primary offering is expected to raise up to $35.2 million at a price of $4.17 per share, while the secondary offering is expected to raise up to $1.8 billion at a price of $13.33 per share. The total potential proceeds from the sale of the shares would be approximately $1.8 billion.

The shares are being offered by the company and certain selling stockholders, including Trump himself. The company plans to use the proceeds from the sale of the shares to fund its operations, pay off debt, and invest in its business.

The registration statement for the offering was filed with the Securities and Exchange Commission (SEC) on February 14, 2023. The company has not yet determined the size or timing of the offering, but it expects to complete the offering in the near future.

Trump Media & Technology Group is a digital media and technology company that aims to provide a platform for conservative voices and ideas. The company was founded in 2021 and has been expanding its operations and building its team in recent months.