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Monday, May 27, 2024

Trump Media shares plunge after company files to issue additional DJT stock

Trump Media closes down more than 18% after filing plans to issue more DJT stock

By Kevin Breuninger, CNBC

The share price of Trump Media closed trading down more than 18% on Monday after the company disclosed plans that would allow existing investors to exercise stock warrants.

DJT shares closed at $26.61. Trump Media, which created the Truth Social app and trades on the Nasdaq, fell nearly 20% last week.

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