welcome
Fortune

Fortune

Business

Business & Economics

More than half of Trump Media’s cash on hand came from selling $450 million worth of shares to a small New Jersey financial firm

Fortune
Summary
Nutrition label

77% Informative

Trump Media and Technology Group raised $450 million by selling company shares at a discount to a small New Jersey financial firm.

Over the course of last year TMTG sold 20.3 million shares at various prices between $14.31 and $36.98 a share.

Despite losing roughly $400 million in 2024 , the company has about $776.8 million in cash, cash equivalents and short-term investments.

VR Score

76

Informative language

76

Neutral language

13

Article tone

semi-formal

Language

English

Language complexity

39

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links