Trump Media (DJT) and Technology Group announced that it has filed a registration statement on form S-3 with the U.S. SEC related to debt and equity subscription agreements recently entered into with approximately fifty investors that yielded approximately $2.3B in total proceeds-one of the largest Bitcoin treasury deals for a public company. The proceeds will be used for the company’s creation of a Bitcoin treasury and for general corporate purposes. In accordance with registration obligations in the previously-disclosed agreements, the Registration Statement seeks to register for resale by the investors approximately 56M shares of equity and 29M shares underlying convertible notes. Additionally, having recently become form S-3 eligible, Trump Media is taking the customary step of including within the Registration Statement a universal shelf. By registering additional securities for future use, the shelf will provide the company with greater flexibility to pursue a wide variety of initiatives related to its growth strategy, including funding potential mergers and acquisitions, and utilizing capital raising tools, such as a possible At-The-Market offering. The company has no immediate plans to issue any securities under the shelf registration statement.
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