META - What's Going On With Trump Media & Technology Stock On Monday? | Benzinga
Trump Media & Technology Group Corp (NASDAQ:DJT), the operator of the Truth Social platform, is trading higher on Monday. Last week the company announced it expects to receive over $69.4 million from the cash exercise of warrants on June 20 and 21, 2024.
The cash exercise option became available after the Securities and Exchange Commission (SEC) declared the company’s registration statement effective on June 18, 2024,
TMTG revealed that if all warrants covered by the registration statement are exercised for cash, the company could receive up to approximately $247 million.
Additionally, the company will have $40 million of restricted cash become unrestricted due to the ...