03-26-2024, 02:22 PM
Trump shares now worth close to 4 billion (he owns 58% of the company) after stock rises 50%.
Also, read the article some of you need a good news source. Those saying he absolutely had to hod the stock for 6 months are wrong. The board can vote to allow shares to be sold immediately. But it is a non-issue now, Trump has the175 million cash bond.
Leading shareholders in IPOs are often subject to restrictions that require them to hold their shares for at least six months as a means of protecting those who purchased the stock post-IPO from unanticipated volatility caused by a large quantity of shares being sold unexpectedly. Such restrictions also apply to other arrangements like taking out a loan against the value of the stock.
The company's board could waive those restrictions to allow Trump to sell his shares earlier than six months. However, the need for such an arrangement may have been negated by Monday's ruling by a New York appeals court in Trump's civil fraud case that reduced his required bond from the full $454 million judgment against him to $175 million while he appeals the underlying ruling.
https://www.foxbusiness.com/markets/trump-media-shares-surge-market-debut
Trump Media shares surge in market debut
Shares were briefly halted due to volatility.
Trump Media & Technology Group's stock climbed about 50% at the opening bell before being halted briefly due to volatility.
Ticker Security Last Change Change %
DJT TRUMP MEDIA & TECHNOLOGY GROUP CORP 73.52 +23.57 +47.19%
The company is the parent of the social media app Truth Social.
Trump Media & Technology Group went public through a merger with the use of a special purpose acquisition company, Digital World Acquisition Corp. (DWAC), which approved the merger last week.
Also, read the article some of you need a good news source. Those saying he absolutely had to hod the stock for 6 months are wrong. The board can vote to allow shares to be sold immediately. But it is a non-issue now, Trump has the175 million cash bond.
Leading shareholders in IPOs are often subject to restrictions that require them to hold their shares for at least six months as a means of protecting those who purchased the stock post-IPO from unanticipated volatility caused by a large quantity of shares being sold unexpectedly. Such restrictions also apply to other arrangements like taking out a loan against the value of the stock.
The company's board could waive those restrictions to allow Trump to sell his shares earlier than six months. However, the need for such an arrangement may have been negated by Monday's ruling by a New York appeals court in Trump's civil fraud case that reduced his required bond from the full $454 million judgment against him to $175 million while he appeals the underlying ruling.
https://www.foxbusiness.com/markets/trump-media-shares-surge-market-debut
Trump Media shares surge in market debut
Shares were briefly halted due to volatility.
Trump Media & Technology Group's stock climbed about 50% at the opening bell before being halted briefly due to volatility.
Ticker Security Last Change Change %
DJT TRUMP MEDIA & TECHNOLOGY GROUP CORP 73.52 +23.57 +47.19%
The company is the parent of the social media app Truth Social.
Trump Media & Technology Group went public through a merger with the use of a special purpose acquisition company, Digital World Acquisition Corp. (DWAC), which approved the merger last week.
![[Image: 4CV0TeR.png]](https://i.imgur.com/4CV0TeR.png)
First 6 years BB - 41 wins and 54 losses with 1-1 playoff record with 2 teams Browns and Pats
