Trump Media And Technology Group Now Has $350 Million In Cash After Raising 51 Percent More Funds Than Initially Expected From The Exercise Of Warrants

Trump Media And Technology Group Now Has $350 Million In Cash After Raising 51 Percent More Funds Than Initially Expected From The Exercise Of Warrants

Trump Media and Technology Group (DJT), the parent entity of the Truth Social platform, is currently brimming with fresh liquidity that augurs well for its ambitious plans to launch a new live TV streaming platform and its own content delivery network (CDN). We reported on the 21st of June that Trump Media and Technology Group expected to receive $69.4 million in proceeds from the cash exercise of its warrants. Today, in a new filing with the SEC, the company has disclosed that it managed to raise 51 percent more funds relative to its initial expectations, to the tune of $105 […]

Read full article at https://wccftech.com/trump-media-and-technology-group-now-has-350-million-in-cash-after-raising-51-percent-more-funds-than-initially-expected-from-the-exercise-of-warrants/