#TrumpMedia approves $400M stock buyback
The Trump Media buyback will be funded separately from the company’s #bitcoin #treasury plan, which includes $1.5B in equity & $1B in convertible notes.
#Trump indirectly owns more than 114M shares of the company through a revocable trust & is the largest shareholder.
Trump Media posted a $400.9M net loss in 2024 on just $3.6M in revenue but says it ended the year with over $775M in cash.
#law #fraud #securities #Emoluments
cnbc.com/2025/06/23/trump-medi…
Trump Media approves $400 million stock buyback
President Donald Trump indirectly owns more than 114 million shares of the company through a revocable trust and is the largest shareholder.MacKenzie Sigalos (CNBC)
Nonilex
in reply to Nonilex • • •#TrumpMedia & Technology Group, the parent company of Truth Social, Truth+, & the #fintech platform Truth.Fi, said Mon its board approved a stock buyback of up to $400M.
#Trump Media #stock rose about 3% on the news premarket.
The Florida-based company, which trades under the ticker #DJT on both Nasdaq & NYSE Texas, said the buyback could include both common stock & warrants, executed through open market transactions. All repurchased shares would be retired.
#law #fraud #securities #Emoluments
Nonilex
in reply to Nonilex • • •"Since Trump Media now has approximately $3 billion on its balance sheet, we have the flexibility to take actions like this which support strong shareholder returns, as we continue exploring further strategic opportunities," said CEO #DevinNunes in a release announcing the move.
#Trump, who indirectly owns more than 114 million shares of the company through a revocable trust, remains the largest shareholder.
#law #fraud #securities #Emoluments
Nonilex
in reply to Nonilex • • •The announcement follows #TrumpMedia's $2.5 billion raise last month from institutional investors — one of the largest #bitcoin #treasury plays by a public company. The company said it would use those funds, which include $1.5 billion in equity & $1 billion in convertible notes, to buy bitcoin, with custody provided by Anchorage Digital & Crypto.com.
#law #Trump #fraud #securities #Emoluments
Nonilex
in reply to Nonilex • • •Calling #bitcoin a "crown jewel," #DevinNunes said the move was designed to defend the company against what he described as "discrimination by financial institutions" against *conservative* [fraudulent] businesses. The funds will also support the launch of #Trump-branded exchange-traded funds & other #crypto products later this year, pending #regulatory approval.
#law #fraud #securities #Emoluments
Nonilex
in reply to Nonilex • • •#TrumpMedia said the buyback will be funded *independently* & will not affect the capital already earmarked for its #bitcoin #treasury initiative.
In Feb, #Trump Media reported a $400.9M net loss for the full year on just $3.6M in annual revenue. The company cited legal fees & a revised advertising revenue-sharing agreement as contributing factors.
Despite the losses, Trump Media said it ended the year with $776.8M in cash & short-term investments.
#law #fraud #securities #Emoluments
Nonilex
in reply to Nonilex • • •The company, which went public via special purpose acquisition company, or #SPAC, last year, now trades with a market capitalization of around $4.9 billion.
The stock nearly doubled in 2024 as #Trump won the US presidential election in November. As of Friday's close, the stock was down nearly 48% this year.
#law #TrumpMedia #fraud #securities #Emoluments
Karl Auerbach
in reply to Nonilex • • •Did "investors" really put $2.5B into a company that has not really ever returned a profit?
It seems like the company is merely a washing machine for bribes (in the real influence buying sense, not in the Roberts/SCOTUS quid-pro-quo sense) to FFOTUS and family.
Edelruth, PBS Passport Holder
in reply to Nonilex • • •Sometimes you really dont need the verbal help of specific people.
2xfo
in reply to Nonilex • • •"CEO Devin Nunes"
Dark Phoenix 🇺🇦🇨🇦🇬🇱🇵🇦🇵🇸🏳️🌈
in reply to Nonilex • • •