GLONGHUI, May 21 | Trump Media Technology Group (TMTG) said on Monday that the company has cooperated with the US Financial Industry Regulatory Authority (FINRA) in its empty check merger and acquisition case. The company said that FINRA is Wall Street's self-regulatory regulator, and its investigation is mainly related to the announcement of a deal prior to the merger with Digital World Acquisition Corp, and should not be viewed as an indication of misconduct. Since its listing, TMTG's stock price has been on a roller coaster. On March 26, Trump supporters and speculators rushed up the company's stock, causing its share price to soar 59% when it first appeared on the NASDAQ, but since then the stock price has reversed the rise, leaving the company with a market value of nearly 7 billion US dollars. Earlier on Monday, the company announced results for the three months ended March 31, disclosing that the first-quarter loss increased from $21,300 in the same period last year to $327.6 million due to some non-cash expenses before completing the merger. TMTG CEO Devin Nunes said in a statement that the vast majority of “merger-related expenses” have been excluded. As of April 29, the vast majority of the company's 621,000 shareholders were retail investors.