


Trump Media & Technology Group Corp. has become the first company to list on the newly established New York Stock Exchange Texas, marking a significant milestone for the exchange. The company, which operates the social media platform Truth Social, will list its warrants on NYSE Texas, while maintaining its primary listing on the Nasdaq. The move to list on NYSE Texas is seen as a strategic decision by Trump Media to capitalize on the pro-business environment in Texas. CEO Devin Nunes stated that the listing aligns with the company's mission to diversify into financial services and other areas, emphasizing Texas's favorable climate for business and entrepreneurship. NYSE Texas, which officially opened for business on Monday, is the first securities exchange to operate in Texas. The New York Stock Exchange highlighted that Texas hosts the largest number of companies listed on the NYSE, with a combined market value exceeding $3.7 trillion. However, NYSE Texas faces competition from other financial entities moving into the region. The Texas Stock Exchange, backed by BlackRock and Citadel Securities, plans to launch in 2026, and Nasdaq has announced intentions to open a regional headquarters in Dallas. In a related development, Trump Media filed paperwork with the Securities and Exchange Commission that could allow the Donald J. Trump Revocable Trust to sell up to 114.75 million shares, part of a larger potential sale of 134 million shares. This filing also includes a primary offering of up to 8.4 million shares of common stock. Following the announcement, Trump Media's stock fell 6.71% in pre-market trading, reflecting concerns over the potential sale of shares worth up to $2.3 billion from the trust overseeing President Trump's $2.1 billion stake. Despite the filing, there are no scheduled sales at this time.
Shares of President Trump’s media company tumbled after it filed to allow insiders to offload billions of dollars worth of stock https://t.co/jygijVz4cu
Trump Media potentially selling the president's shares would seem to be a problem for it, especially given the ethics requirements that entities with business before the White House can't be their exit at inflated prices. I just assume those exist, right? https://t.co/Ikyuwd1glu
$DJT down 6% after Trump Media filing gives more details about potential plans for the Donald J. Trump Revocable Trust to eventually sell stock. There are no scheduled sales though. Story for @barronsonline by me and @mackenziettnni. https://t.co/appC675avI