NEWS
TMTG Secures Perpetual Licensing for New Technology in Truth Social TV Streaming and Signs Long-Term Equity Deal
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.
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.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Spread kindness and love. Life is short. Don’t let greed eat you.
1084Followers
68Following
7482Visitors
Follow
Fisher John : Issuing up to $2.5 billion in shares... Holy, how can it stand to be drawn so much blood? It's so greedy. Trump treats shareholders as unlimited ATMs, so run away quickly. Any good news such as the election of the president in the future is an opportunity for them to release new shares. Don't think about riding a roller coaster to the sky![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
2865479 : he bankrupt a casino.
DazzlerAus Fisher John : This is a absolutely massive dilution even if triggered current market cap is 5.5bn if these shares et issue it silutes current holder by almost 50% - also share will not exceed 31.70 putting a long term cap n the share rice really until this is done ??