Connect with us

Bussiness

Trump Media announces $105 million raised from DJT warrants

Published

on

Trump Media announces 5 million raised from DJT warrants

Omar Marques | Lightrocket | Getty Images

Shares of Trump Media dipped at the opening bell Tuesday after the company, whose majority owner is former President Donald Trump, said it collected more than $105 million through the cash exercise of warrants.

The proceeds came during a 12-day stretch starting June 20, two days after the company behind the social media platform Truth Social announced that its registration of new shares was declared effective by the Securities and Exchange Commission.

Continue Reading