Trump Media & Technology Group's stock experienced a significant drop, declining as much as 20% on Monday, following the company's filing of an S-1 with the U.S. Securities and Exchange Commission. The filing indicated plans to potentially sell up to 21.49 million shares of common stock, issuable upon the exercise of warrants. This move has led to a sharp decrease in the stock's value, with reports noting a drop of approximately 17% in pre-market trading, and further declines of 15%, 13%, and 16.8% throughout the day. The stock has been on a downward trend, losing over 60% of its value since its peak in late March.