Trump Media & Technology Group Secures SEC Approval for $2.3B Bitcoin-Backed Equity and Debt Registration

Trump Media & Technology Group (DJT) recently secured a significant regulatory milestone as the SEC approved the effectiveness of its S-3 registration statement. This approval enables DJT to register the resale of approximately 56 million common shares and 29 million shares linked to convertible notes, tied to an equity and debt agreement with nearly fifty investors. The transaction generated around $2.3 billion in proceeds, representing one of the largest Bitcoin reserve-related trades for a publicly listed entity.

The registration statement incorporates a universal shelf registration, granting DJT enhanced flexibility to execute future financing and strategic initiatives. Despite this expanded capacity, the company has clarified that it currently holds no immediate plans to issue additional securities under this shelf. This regulatory development underscores DJT’s strategic positioning within the evolving crypto and financial markets, reflecting robust investor confidence and regulatory compliance.

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Source: https://en.coinotag.com/breakingnews/trump-media-technology-group-secures-sec-approval-for-2-3b-bitcoin-backed-equity-and-debt-registration/