db (@tier10k): Trump Media and Technology Group Corp. announced it has entered into subscription agreements with approximately 50 institutional investors for a priva…
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Trump Media and Technology Group Corp. announced it has entered into subscription agreements with approximately 50 institutional investors for a private placement offering totaling approximately $2.5B. The offering includes approximately $1.5B in common stock and $1.0B in 0.00% convertible senior secured notes, with the proceeds intended for the creation of a Bitcoin treasury. The company will use Crypto .com and Anchorage Digital for custody of its Bitcoin treasury, and the offering is expected to close on or about May 29, 2025.