Trump Media and Technology Group has seen success in recent days, with its Truth Social platform gaining traction and its stock being included in the Russell 1000 and Russell 3000 indexes. This inclusion opens up pathways for passive liquidity and can help to stabilize the stock’s volatility.
In addition to this news, the company is also expecting to receive $69.4 million from the cash exercise of its warrants, which have an exercise price of $11.50 per share. Trump Media plans to use these cash proceeds for its business plan, working capital, potential acquisitions, and other general corporate purposes. Furthermore, $40 million in restricted cash has become unrestricted following the SEC’s approval of the company’s amended Form S-1, leading to a total of $240 million in unrestricted cash for Trump Media.
Despite a slight decrease of about 30 percent over the past month, DJT shares are still showing gains for the year. These recent developments demonstrate the positive trajectory that Trump Media and Technology Group is on and provide potential opportunities for growth and stability in the future.
