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Trump Could Cash Out $3.2B Stake In Namesake Media Company And Still Maintain Voting Control

Benzinga ·  Jun 21 00:39

Shares ofDonald Trump'smedia companyTrump Media & Technology Group Corp(NASDAQ:DJT) are falling Thursday with the company's recent share offering filing approved.

Here's a look at what this could mean for Trump's stake in the company.

What Happened:Trump Media & Technology Group shared on Tuesday after market close that the SEC declared its registration statement for the resale of shares and warrants effective.

The filing, which was originally issued June 10, calls for the company to issue up to 14.4 million common shares from the exercising of warrants and for the sale of up to 146.1 million...

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