TECH - What's Going On Trump Media & Technology Group Stock On Friday? | Benzinga
Trump Media & Technology Group Corp (NASDAQ:DJT) stock looks volatile at premarket trading on Friday after it inked a deal Thursday to acquire critical assets for its planned content distribution network.
Trump Media proposes to finance the deal by issuing 5.1 million shares and $17.5 million over three years.
Trump Media has secured a standby equity purchase agreement (SEPA) with YA II PN, Ltd., managed by Yorkville Advisors, to further its growth strategy.
Also Read: Trump Media Faces Stock Dilution Concerns After Raising $105 Million Through Warrants
This agreement allows Trump Media to ...