On June 21st, Gelunhui reported that Trump Media & Technology Group (DJT.US), the social media company of former US President Trump, fell another 14.6% on Thursday after a sharp drop of nearly 10% on Tuesday. The main reason is that the Securities and Exchange Commission (SEC) approved investors to convert their outstanding warrants into company stocks, diluting shareholder equity.
美股异动丨特朗普媒体科技集团收跌逾14%，SEC批准投资者将持有的认股权证转换成股票
US stocks have fluctuated. Trump's media technology group fell by more than 14%, and the SEC approved investors to convert their warrants into stocks.
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