Summary
Trump Media plans to create and sell up to $2.5 billion worth of new shares. That could secure a windfall for Trump, who owns a majority of the company. Trump Media has seen its value on paper skyrocket into the billions despite losing money.
Trump Media has entered into a deal to sell stock with a small New Jersey financial firm called Yorkville Advisors. The firm has done similar deals with a number of small biotech companies, such as a firm trying to develop “cannabinoid pharmaceuticals” to treat autism and Alzheimer’s.
Trump Media's shares fell about 10% in after-hours trading immediately after Monday’s announcement. The company made another filing about the deal Monday, and this one seems to have caught investors’ attention. In its filing announcing the deal, Trump Media acknowledged as much: “There are substantial risks to stockholders"
Lol nothing but another grift by the great grifter.
No shit sherlock, anything tied to Trump is.