Trump Media and Technology Group Corp. (NASDAQ: DJT), the company behind Donald Trump’s Truth Social platform, has finally merged with the SPAC Digital World Acquisition Corp. (DWAC) and debuted on the Nasdaq exchange as a public company. Yet, the company’s near-term bullish thesis is now under threat from successive waves of dilution, with the first such wave expected to strike as soon as today. Before going further, do note that this merger has now unlocked around $293 million in proceeds that Digital World raised in its IPO. This liquidity influx is expected to alleviate the serious cash constraints that Trump […]
Read full article at https://wccftech.com/brace-for-volatility-over-8-million-shares-of-trump-media-and-technology-group-djt-become-sellable-today/
