Why Trump Media & Technology Group Stock Is Crashing Tuesday
Why Trump Media & Technology Group Stock Is Crashing Tuesday
Trump Media & Technology Group Corp. (NASDAQ:DJT) shares are trading lower Tuesday after the U.S. SEC declared effectiveness of the registration statement on Form S-1 related to the resale by certain securityholders of certain shares and warrants.
美國證券交易委員會宣佈了與某些證券持有人有關的S-1表格註冊聲明的生效，導致特朗普概念（NASDAQ：DJT）股票週二下跌。
The Details: Trump Media & Technology Group filed the prospectus on June 10 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 Donald Trump.
詳情：特朗普概念於6月10日提交招股說明書，以發行高達1440萬普通股，同時售出1.461億股由售出股票持有人持有的股票，其中包括特朗普持有的7.88億股。
The registration statement, now effective, allows the covered selling securityholders to publicly resell the securities. Additionally, Trump Media & Technology Group's warrants covered by the registration statement have become eligible for cash exercise.
現在註冊聲明生效，使得賣方證券持有人可以公開轉售證券。此外，特朗普概念的納入註冊聲明的權證已經有資格進行現金行權了。
If all warrants covered by the registration statement are exercised for cash, Trump Media & Technology Group may receive up to an aggregate of approximately $247 million in proceeds. Additionally, $40 million of restricted cash on the company's balance sheet will become unrestricted as a result of the registration statement becoming effective.
如果所有納入註冊聲明的權證都用現金行權，特朗普概念可能會收到約2.47億美元的總收益。此外，公司資產負債表上的4000萬美元限制性現金將因註冊聲明生效而變得無限制。
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"Today marks another milestone for Truth Social," said TMTG CEO Devin Nunes. "With our S-1 declared effective, we're expecting to be well-positioned to energetically pursue TV streaming, other enhancements to the platform, and potential mergers and acquisitions. With approximately 620,000 retail shareholders supporting our vision, the company looks forward to expanding quickly and robustly."
TMTG首席執行官Devin Nunes表示：“今天是Truth Social的又一個里程碑。隨着我們的S-1聲明被宣佈生效，我們期望能夠積極追求電視流媒體、平台其他增強功能以及潛在的併購。憑藉着約62萬零售股東的支持，該公司期待快速而有力地擴張。”
Trump Media & Technology Group shares fell 9.82% during Tuesday's regular session to close at $31.31 and are dropping further after-hours on the news.
特朗普概念的股票在週二的常規交易中下跌9.82％，收於31.31美元，隨後在消息公佈後繼續下跌。
DJT Price Action: According to Benzinga Pro, Trump Media & Technology Group shares are down 13.93% after-hours at $26.95 at the time of publication Tuesday.
根據Benzinga Pro報道，特朗普概念的股票在週二的發佈時段下跌13.93％，收於26.95美元。
Photo: Shutterstock
Photo: shutterstock
譯文內容由第三人軟體翻譯。