“After markets closed the day before the Fourth of July holiday, former President Donald Trump’s social media company made a disclosure that got little notice,” ProPublica reports.
The Company entered into a “Standby Equity Purchase Agreement” that “allows Trump Media to create and sell up to $2.5 billion worth of new shares. The plan, securities experts said, is a way for the company to convert its astronomical value on paper into actual cash.”
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Taegan Goddard
Taegan Goddard is the founder of Political Wire -- which for more than two decades has been one of the nation's most influential political news sites.
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