Trump Media & Technology Stock Price, News & Analysis

Trump Media & Technology Group (Nasdaq: DJT), operator of Truth Social, has begun rolling out its streaming platform, Truth+. The company is moving its beta testing of linear TV streaming to a new content delivery network (CDN). After testing, the service will be available to all Truth Social users on Web, Android, and iOS platforms.

Users will access Truth+ through an icon on the Truth Social platform, offering streaming content as stand-alone channels or in a picture-in-picture window. The initial slate will include news, commentary, weather, lifestyle, and entertainment channels, with plans to expand into Christian and family-friendly content.

TMTG is working to close a perpetual licensing deal for CDN technology and is developing its own tech stack and hardware infrastructure to make the CDN 'uncancellable'. Future phases will introduce streaming apps with enhanced features and the ability to watch content on in-home TV sets.

Trump Media & Technology Group Corp. (Nasdaq: DJT) CEO Devin Nunes has issued a statement following an attempted assassination of former President Donald J. Trump at a rally in Butler, Pennsylvania. The incident resulted in the death of one rally attendee and injuries to others. Nunes expressed sympathy for the victims and called for a swift federal investigation to uncover all details of the attack and identify any potential accomplices. He also urged the federal government to provide additional security resources as requested by Trump to ensure his safety. Nunes concluded by expressing confidence in America's ability to overcome this incident.

Trump Media & Technology Group (Nasdaq: DJT) has announced an agreement to acquire technology for a new content distribution network (CDN) for TV streaming on its Truth Social platform.

The deal includes perpetual licensing rights from Perception Group and a potential future acquisition of Perception.

TMTG also secured a long-term equity financing deal with Yorkville Advisors, enabling it to issue up to $2.5 billion in shares over three years.

The financing will fund the company's expansion, including the issuance of up to 5.1 million common shares and $17.5 million over three years to fund the technology acquisition.

Trump Media & Technology Group Corp. (NASDAQ: DJT), the operator of the Truth Social platform, announced that the company has received over $105 million in cumulative proceeds from the cash exercise of warrants between June 20 and July 1, 2024. Additionally, approximately $41 million of previously restricted cash has now become unrestricted. As a result, the company reported over $350 million in cash and no debt on its balance sheet as of July 1, 2024.

Trump Media & Technology Group Corp. (NASDAQ: DJT), the operator of the Truth Social platform, has been included in the Russell 1000 and Russell 3000 Indexes following the 2024 annual reconstitution. This inclusion, effective after the U.S. market closed on June 28, 2024, signifies TMTG's recognition among the 3,000 largest U.S.-traded stocks by market-capitalization and style attributes. The Russell 1000 Index covers the largest companies in the Russell 3000 Index. Membership is updated annually and reflects the company's market standing for one year. The Russell Indexes are essential benchmarks for approximately $9.1 trillion in assets managed by investment firms and institutional investors.

Trump Media & Technology Group (NASDAQ: DJT) announced it expects to receive over $69.4 million from the exercise of warrants on June 20 and 21, 2024. This follows the SEC's effective declaration of the company's registration statement on June 18, 2024.

If all warrants under this registration are exercised for cash, TMTG could garner up to $247 million. Furthermore, $40 million in restricted cash will be freed up, adding to the $200 million in unrestricted cash already held as of June 18, 2024. Investors should contact their brokers for warrant exercise.

Trump Media & Technology Group Corp. (NASDAQ: DJT) announced that the SEC has declared effective the Company's registration statement on Form S-1, enabling the resale of certain shares and warrants. This declaration allows the Company's warrants to be exercised for cash, potentially generating up to $247 million in proceeds and freeing $40 million in restricted cash, supplementing over $200 million in unrestricted cash. CEO Devin Nunes highlighted that this milestone positions TMTG to pursue TV streaming, platform enhancements, and potential mergers and acquisitions. The registration allows resale by existing security holders, with restrictions remaining on certain insiders, including President Donald J. Trump.

Trump Media & Technology Group Corp. (NASDAQ: DJT) has filed an amended registration statement on Form S-1 with the SEC, following their business combination with Digital World Acquisition Corp. on March 25, 2024. The filing includes a re-audit of financial statements for 2022 and 2023 by Semple, Marchal & Cooper LLP. The registration is for the resale or initial issuance of certain shares and warrants, although the number of shares remains unchanged from the previous filing. TMTG will not receive proceeds from these sales, except from possible future warrant exercises. The Amended Registration Statement is not yet effective and is subject to further amendment. The directors, officers, and certain securityholders, including Donald J. Trump, are currently restricted from selling their shares.

Trump Media and Technology Group (TMTG) has announced its first-quarter 2024 financial results. The company successfully completed its merger with Digital World Acquisition Corp. and commenced trading on Nasdaq under the symbol DJT on March 26, 2024. As of March 31, 2024, TMTG holds $273.7 million in cash and equivalents. The company reported a GAAP loss of $327.6 million for Q1, primarily due to $311.0 million in non-cash expenses from the conversion of promissory notes. Operating loss, based on non-GAAP Adjusted EBITDA, was $12.1 million, with $6.3 million attributed to one-time merger-related expenses. Revenue for Q1 was $770,500. TMTG's live TV streaming platform is set to launch in three phases, with initial contracts signed for data center and hardware support. The company has over 621,000 retail shareholders.