According to ChainCatcher news and reports from GlobeNewswire, Trump Media & Technology Group (DJT) announced that the previously submitted S-3 registration statement has been approved and is effective by the U.S. SEC. The statement involves a debt and equity financing agreement reached with approximately 50 investors, with a total fundraising amount of about $2.3 billion, making it one of the largest Bitcoin treasury transactions to date for a publicly traded company. The funds will be used to establish a Bitcoin treasury and for general corporate purposes, and to register 56 million shares of stock and 29 million convertible notes. The documents also include a universal shelf registration, providing flexibility for subsequent capital operations.
Previously, the Trump Media Group registered new securities of up to $12 billion in the new S-3 filing, which can be used to purchase Bitcoin.
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The SEC approved the S-3 sign up statement submitted by Trump.
According to ChainCatcher news and reports from GlobeNewswire, Trump Media & Technology Group (DJT) announced that the previously submitted S-3 registration statement has been approved and is effective by the U.S. SEC. The statement involves a debt and equity financing agreement reached with approximately 50 investors, with a total fundraising amount of about $2.3 billion, making it one of the largest Bitcoin treasury transactions to date for a publicly traded company. The funds will be used to establish a Bitcoin treasury and for general corporate purposes, and to register 56 million shares of stock and 29 million convertible notes. The documents also include a universal shelf registration, providing flexibility for subsequent capital operations. Previously, the Trump Media Group registered new securities of up to $12 billion in the new S-3 filing, which can be used to purchase Bitcoin.