Trump Media & Technology Group (NASDAQ: DJT), the owner of Truth Social, secured $450 million by selling shares to Yorkville Advisors, a New Jersey-based investment firm. The deal represents more than half of the company’s cash on hand, reinforcing its liquidity ahead of a potential public listing. TMTG’s reliance on this financing structure signals its strategic push to sustain operations and expand its digital media presence.
As of 10:05 AM EST on Feb. 19, 2025, shares of Trump Media & Technology Group (NASDAQ:DJT) are trading at $29.34, reflecting a modest increase of $0.11 (0.38%) from the previous close. Today’s trading range has spanned from $29.00 to $29.75, with an opening price of $29.29.
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About Trump Media & Technology Group
Trump Media & Technology Group (NASDAQ:DJT) is a digital media and technology company focused on providing free speech-oriented platforms. Its flagship service, Truth Social, aims to offer an alternative to mainstream social media networks. The company is committed to fostering open dialogue and creating innovative content solutions for users worldwide. TMTG is headquartered in Sarasota, Fla.
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