Trump Media & Technology Group (DJT) said Wednesday that some reports about its recent filing with the US Securities and Exchange Commission are "inaccurate."
The company said some media outlets are falsely reporting that its filing is setting the stage for the Trump trust to sell shares in the company.
"To be clear, these shares were already registered last June on an S-1 form, and today TMTG submitted a routine filing that re-registers them on an S-3 form in order to keep the company's filings effective. In fact, there currently is no open window for any affiliate to sell shares."
Shares in Trump Media, which runs Truth Social, dropped past 6% on Wednesday following a regulatory filing announcing plans to sell over 142 million shares.
Price: 19.05, Change: -1.22, Percent Change: -6.00
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