Shares of Trump Media, parent company of Truth Social, soar on heavy volume

Apple CEO Tim Cook laughs with former U.S. President Donald Trump as the news media leave the room after the two men spoke while participating in an American Workforce Policy Advisory Board meeting in the White House State Dining Room in Washington, U.S., March 6, 2019. (photo: Reuters/Leah Millis)

Shares of Trump Media & Technology Group (DJT) surged Monday after the parent company of President Donald Trump’s Truth Social platform said it anticipates proceeds of more than $69.4 million from the exercise of warrants last Thursday and Friday. Trump’s personal wealth increased by nearly $900 million on Monday. The value of Trump’s nearly 65% stake in the company, totaling 114.75 million shares, jumped to over $4 billion

Emily Dattilo for Barron’s:
‎

Trump Media said it could potentially snap up proceeds of $247 million if all warrants are exercised.

The news arrived on the heels of the Securities and Exchange Commission last week signing off on the company’s registration statement and on the resale of shares and warrants.

The stock was up 28% to $35.42. So long as the stock gains more than 25.7% on Monday, it will notch its largest one-day percentage gain since that merger… The stock has gained 97% this year.

Support MacDailyNews at no extra cost to you by using this link to shop at Amazon.
‎
MacDailyNews Note: More info and download link for the free Truth Social app on Apple’s App Store ca be found here.

MacDailyNews on social media – pick your poison:

• Facebook: https://facebook.com/MacDailyNewsdotcom/
• Gab: https://gab.com/MacDailyNews
• GETTR: https://gettr.com/user/macdailynews
• LinkedIn: https://linkedin.com/in/macdailynews/recent-activity/
• Threads: https://threads.net/@macdailynewsdotcom
• Truth Social: https://truthsocial.com/@MacDailyNews
• Tumblr: https://macdailynews.tumblr.com
• X: https://x.com/MacDailyNews
‎
Please help support MacDailyNews. Click or tap here to support our independent tech blog. Thank you!