Trump Media says SEC decision could lead to $247 million in proceeds
(005320.38-:E-003569.93:N-HO:R-SU:C-30:V)
Trump Media & Technology Group, which operates Truth Social, announced that the Securities and Exchange Commission has "declared effective the company’s registration statement on Form S-1, related to the resale by certain selling security holders of certain shares and warrants issued by and issuable from the company."
The SEC’s decision could lead to about $247 million in proceeds, the company said in a news release.
"Additionally, $40 million of restricted cash on the Company’s balance sheet will become unrestricted as a result of the Registration Statement becoming effective," the company said. "These funds would supplement the more than $200 million in unrestricted cash the Company now retains."
TMTG CEO Devin Nunes said the SEC decision was another milestone for the company.
"With our S-1 declared effective, we’re expecting to be well positioned to energetically pursue TV streaming, other enhancements to the platform, and potential mergers and acquisitions. With approximately 620,000 retail shareholders supporting our vision, the company looks forward to expanding quickly and robustly," he said in a statement.
White Shop: Beautiful SS Mugs: 2nd SS Division Das Reich mug & many more
The above photo is of the 2nd SS Division Das Reich mug. But there are several other SS Divisions available as well. They are ...
Video: 1725: A Small band of brave Dutchmen are attacked in a Black Empire in S.Africa
Let us devour the White people shouted the hundreds of Blacks as they attacked 30 Dutch soldiers and sailors! This is a little known story of the Dutch on the East Coast of Africa.
2007: Nurse: S.Africa: He wanted to cut my head off, slit my throat & asked me why Im not dying
This just disgusts me and makes me sick to the pit of my stomach.