Trump Media Group Offers 40M Shares on Stock Performance; DJT Falls 17.80% Pre-market, Issues 21.49M Shares

Trump Media and Technology Group will award 40 million new earn-out shares if the stock can trade above $17.50 for 30 days by April 23. If the stock trades above $15, the group will receive 30 million shares to split. However, if the shares fall towards $12.50, the payout drops to 15 million shares. DJT filed S-1, resulting in a 10% decrease. Additionally, Trump media filed to sell 21.49 million shares of common stock, leading to a 15% decrease in DJT stock price. In pre-market trading, DJT is down 17.80% after filing a prospectus to issue up to 21.5 million shares of common stock, with the stock declining over 60% from its recent highs in the last two weeks.