Sunday, June 23, 2024

Trump Media & Technology Group Stock Is Sliding Monday: What’s Going On? – Trump Media & Technology (NASDAQ:DJT)

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Trump Media & Technology Group Corp DJT shares are trading lower Monday after the company filed an amended S-1 with the U.S. Securities and Exchange Commission.

What Happened: Trump Media & Technology Group, the company behind former President Donald Trump’s Truth Social, has filed a prospectus for the issuance of up to 14.4 million common shares upon the warrant exercise and resale of 146.1 million shares by selling stockholders, including 78.8 million shares held by Trump.

The amended registration statement amends the registration statement filed on April 15 following the company’s business combination with Digital World Acquisition Corp. Trump Media will not receive any proceeds from the sale, except in connection with any possible future exercise of any outstanding warrants for cash.

“I want to thank SMC for serving as our independent auditor and enabling us to file an Amended Registration Statement, which we hope the SEC will promptly review,” said Devin Nunes, CEO of Trump Media & Technology.

Check This Out: Trump’s Economic Lead Over Biden Narrows in Latest Poll

How To Buy DJT Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Trump Media & Technology’s case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

DJT Price Action: Trump Media shares were down 6.19% at $41.83 at the time of publication, according to Benzinga Pro.

Photo: Shutterstock.

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