What's Going On With Trump Media & Technology Stock On Monday?
What's Going On With Trump Media & Technology Stock On Monday?
Trump Media & Technology Group Corp (NASDAQ:DJT), the operator of the Truth Social platform, is trading higher on Monday. Last week the company announced it expects to receive over $69.4 million from the cash exercise of warrants on June 20 and 21, 2024.
特朗普概念媒體科技集團股份公司（NASDAQ: DJT）作爲Truth Social平台的運營商在週一交易上漲。上週，該公司宣佈預計在2024年6月20日和21日行權股票認購證的現金行權後將獲得超過6940萬美元。
The cash exercise option became available after the Securities and Exchange Commission (SEC) declared the company's registration statement effective on June 18, 2024,
證券交易委員會（SEC）在2024年6月18日宣佈公司的註冊聲明有效後，這項現金行權選擇權即可生效。
TMTG revealed that if all warrants covered by the registration statement are exercised for cash, the company could receive up to approximately $247 million.
TMTG透露，如果註冊聲明涵蓋的所有認股證均以現金行使，公司最多可獲得大約2.47億美元的資金。
Additionally, the company will have $40 million of restricted cash become unrestricted due to the effectiveness of the registration statement. These funds add to the over $200 million in unrestricted cash already held by TMTG as of June 18, 2024.
此外，公司將有4000萬美元的限制性現金因註冊聲明生效而變成無限制的。這些資金加入到截至2024年6月18日TMTG已持有的超過2億美元無限制現金中。
The infusion of funds will likely support further development and expansion of its platforms, including Truth Social.
這些資金的注入可能會支持其平台的進一步發展和擴張，包括Truth Social平台。
TMTG has experienced a significant decline in market value. The conservative social media company's stock has dropped nearly 50% since May 30, following the conviction of former President Donald Trump on 34 felony counts in a hush money trial, CNN reports.
媒體CNN報道，這家保守的社交媒體公司的股票自5月30日特朗普前總統在隱瞞交易罪名案中被判有罪後下跌了近50％。
Despite the falling share price, experts warn that TMTG remains overvalued. Truth Social is a minor player in social media compared to platforms like Elon Musk's X, Reddit Inc (NYSE:RDDT), and Meta Platforms Inc (NASDAQ:META) Instagram Threads.
儘管股價下跌，專家們警告稱，TMTG仍然被高估。與Elon Musk的X，Reddit Inc（NYSE：RDDT）和Meta Platforms Inc（NASDAQ：META） Instagram Threads等平台相比，Truth Social是社交媒體中的一個小玩家。
Some experts compare TMTG to meme stocks like GameStop Corp (NYSE:GME) and AMC Entertainment Holdings, Inc (NYSE:AMC), which trade on momentum rather than fundamentals.
一些專家將TMTG與像GameStop Corp（NYSE：GME）和AMC Entertainment Holdings，Inc（NYSE：AMC）這樣的題材股進行比較，這些股票是基於動量交易而非基本面交易。
Trump, the dominant shareholder with 114.75 million shares, has seen his stake's value drop from $6 billion to about $3.1 billion since late May. The company plans to use the funds raised to enhance its ad platform and explore potential mergers and acquisitions.
特朗普是擁有1.1475億股的主要股東，自5月下旬以來其股份的價值從60億美元下降到約31億美元。該公司計劃使用籌集的資金增強其廣告平台，並探索潛在的合併和收購交易。
TMTG stock gained 118% in the last 12 months.
TMTG股票在過去12個月中上漲了118％。
Price Action: DJT shares are trading higher by 7.12% to $29.63 premarket at last check on Monday.
價格走勢：截至週一最後一次查看，DJT股票在盤前交易中上漲7.12％至29.63美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本文部分內容使用了Benzinga Neuro的幫助。此內容是通過AI工具部分製作的，並由Benzinga編輯進行了審查和發佈。
Photo via Shutterstock
圖片來自shutterstock。
譯文內容由第三人軟體翻譯。