BlockBeats news, on June 14, the Trump Media Technology Group (DJT) announced that the SEC has approved the formal effectiveness of its previously submitted S-3 registration statement. DJT subsequently submitted the corresponding final prospectus to the SEC.
The announcement states that, according to the equity and debt agreement reached between the company and approximately fifty investors (which brings the company about $2.3 billion in total revenue, the largest trading volume of Bitcoin reserves for a publicly listed company), this registration statement registers approximately 56 million shares of common stock and 29 million shares corresponding to convertible notes for resale to investors. The registration statement includes a general suspension clause aimed at providing the company with greater flexibility to advance various initiatives related to its growth strategy. The company currently has no plans to issue any securities under the suspended registration statement.
