Trump Media & Technology Group (DJT) stock continued to fall Tuesday after sinking 18% on news the parent company of Donald Trump’s social media platform Truth Social had filed to issue more than 21 million shares.
The stock slid to close at $26.61 on Monday in an extension of last week’s sell-off and fell over 2% more in premarket trading. The move highlighted the shares’ volatility since Trump Media went public after merging with Digital World Acquisition Corp in late March.
Last week, shares tanked more than 20% in one day after an updated regulatory filing from the company showed Trump Media taking on heavy losses and facing “greater risks” associated with the former president’s ties to the platform.
Trump Media said in its latest filing that more than 21.4 million shares are issuable upon the exercise of warrants stemming from the merger with special purpose acquisition company…
