TMTG Reports Warrant Exercises
Ticker: DJTWW · Form: 8-K · Filed: Jun 24, 2024 · CIK: 1849635
| Field | Detail |
|---|---|
| Company | Trump Media & Technology Group CORP. (DJTWW) |
| Form Type | 8-K |
| Filed Date | Jun 24, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $11.50, $69.4 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: warrants, exercise, common-stock
TL;DR
TMTG warrants exercised at $11.50, more shares coming.
AI Summary
On June 21, 2024, Trump Media & Technology Group Corp. filed an 8-K report detailing the exercise of warrants. Specifically, the filing indicates that warrants exercisable for one share of common stock at an exercise price of $11.50 were exercised.
Why It Matters
The exercise of warrants can indicate increased investor confidence and potentially lead to an increase in the number of outstanding shares.
Risk Assessment
Risk Level: medium — Warrant exercises can dilute existing shareholders, but also signal positive sentiment.
Key Numbers
- $11.50 — Warrant Exercise Price (Price at which warrants were exercised)
Key Players & Entities
- Trump Media & Technology Group Corp. (company) — Registrant
- June 21, 2024 (date) — Date of earliest event reported
- $11.50 (dollar_amount) — Exercise price of warrants
FAQ
What type of warrants were exercised?
Warrants exercisable for one share of common stock at an exercise price of $11.50 were exercised.
What is the exercise price of the warrants mentioned?
The exercise price is $11.50 per share.
On what date was the earliest event reported in this filing?
The earliest event reported was on June 21, 2024.
What is the ticker symbol for Trump Media & Technology Group Corp.?
The filing does not explicitly state the ticker symbol, but the former company Digital World Acquisition Corp. was listed under SEC file number 001-40779.
What is the state of incorporation for Trump Media & Technology Group Corp.?
The company is incorporated in Delaware.
Filing Stats: 584 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2024-06-21 19:05:30
Key Financial Figures
- $0.0001 — ich Registered Common stock, par value $0.0001 per share DJT The Nasdaq Stock Mark
- $11.50 — re common stock at an exercise price of $11.50 DJTWW The Nasdaq Stock Market LLC
- $69.4 million — ng that it expects to receive more than $69.4 million in proceeds from the cash exercise of w
Filing Documents
- ef20031558_8k.htm (8-K) — 33KB
- ef20031558_ex99-1.htm (EX-99.1) — 7KB
- 0001140361-24-030955.txt ( ) — 221KB
- djt-20240621.xsd (EX-101.SCH) — 4KB
- djt-20240621_def.xml (EX-101.DEF) — 18KB
- djt-20240621_lab.xml (EX-101.LAB) — 27KB
- djt-20240621_pre.xml (EX-101.PRE) — 20KB
- ef20031558_8k_htm.xml (XML) — 7KB
01
Item 7.01 Regulation FD Disclosure On June 21, 2024, Trump Media & Technology Group Corp. (the "Company") issued a press release (the "Press Release") announcing that it expects to receive more than $69.4 million in proceeds from the cash exercise of warrants on June 20 and 21, 2024. The foregoing description of the Press Release is subject to and qualified in its entirety by reference to the full text of the Press Release, a copy of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. The following exhibits are filed with this Form 8-K: Exhibit No. Description of Exhibits 99.1 Press Release, dated June 21, 2024 (furnished only). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Trump Media & Technology Group Corp. Dated: June 22, 2024 By: /s/ Scott Glabe Name: Scott Glabe Title: General Counsel