Shares of Truth Social parent company have fallen 60% since March market debut as ex-president under financial pressure
Shares of the former president Donald Trump’s social media company slumped 12% on Monday, extending their string of losses, after the company said in a regulatory filing that it could sell millions of additional shares in coming months.
The filing showed a potential sale of 146.1m shares in Trump Media & Technology Group, including 114.8m shares owned by Trump himself. Documents also listed an additional 21.5m shares that could be sold upon the exercise of certain warrants issued when the company went public through a blank-check merger with Digital World Acquisition Corp.