Overview
- Trump Media & Technology Group raised $105 million through the exercise of warrants, surpassing initial projections of $69.4 million.
- The company now holds $350 million in cash, including $41 million of previously restricted funds.
- Despite the cash boost, Trump Media continues to face significant financial hurdles, with ongoing operating losses and negative cash flow.
- Plans are underway to expand the Truth Social platform with live TV streaming and a content delivery network.
- Trump Media has been added to the Russell 1000 and 3000 indexes, potentially increasing passive investment flows.