Trump Media Shares Tumble 11% After Filing for Additional Stock Issuance
Shares of Trump Media dropped over 11% in early Monday trading following the company's filing to issue millions of additional shares of stock. The plunge came after the company filed plans to issue millions of additional shares of stock, which can dilute the value of existing shares. The stock drop came as Donald Trump, the majority stakeholder, headed to court for his criminal trial in New York. Shares had already fallen nearly 20% over the previous week.
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00:00 It's Benzinga and here's what's on the block.
00:02 Shares of Trump Media dropped over 11% in early Monday trading following the company's filing to
00:08 issue millions of additional shares of stock. The plunge came after the company filed plans
00:12 to issue millions of additional shares of stock, which can dilute the value of existing shares.
00:17 The stock drop came as Donald Trump, who is the majority stakeholder,
00:20 headed to court for his criminal trial in New York.
00:23 Shares have already fallen nearly 20% over the previous week.
00:26 For all things money, visit Benzinga.com.
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