All articles tagged with #stock dilution
Originally Published 7 months ago — by Barchart.com
Plug Power's stock has risen nearly 90% this year amid hopes for a short squeeze due to high short interest, but concerns remain over potential share dilution, ongoing losses, and financial distress signals like a reverse split proposal, making it a risky investment despite Wall Street's optimistic target price.
Originally Published 7 months ago — by Barron's
President Donald Trump's control of Trump Media & Technology Group is weakening as the company plans to issue new stock and convertible notes to invest in Bitcoin, diluting his family's stake below 50% and risking loss of control over the social network.
Originally Published 1 year ago — by HuffPost
Co-founders of Donald Trump's Truth Social platform have filed a lawsuit alleging that their 8.6% stake in Trump Media & Technology Group has been diluted to less than 1% ahead of a potential $4 billion merger with Digital World Acquisition Corp. The lawsuit claims that Trump attempted to dilute their shares, potentially depriving them of a lucrative deal. This legal dispute comes amid financial challenges for Trump, including a recent order to pay $355 million for business fraud. This isn't the first time allegations of misconduct involving stocks have surfaced, as a previous founder of TMTG accused Trump's family members of seeking a financial stake in the company without having worked for it.
Originally Published 1 year ago — by NBC News
Former President Donald Trump's media company, Trump Media & Technology Group, is being sued by its co-founders for allegedly attempting to dilute their stock shares ahead of a planned merger with Digital World Acquisition Corp. The co-founders claim that this maneuver could deprive them of hundreds of millions of dollars in profits. The lawsuit comes as Trump's 90% stake in the company could be valued at over $3 billion if the merger is approved. The co-founders allege that the dilution effort has no legitimate business purpose and is an attempt by Trump to take the majority of the merger consideration for himself.
Originally Published 1 year ago — by The Washington Post
The co-founders of Trump Media & Technology Group, Andy Litinsky and Wes Moss, have filed a lawsuit alleging that Donald Trump and other leaders schemed to deprive them of a stake in the company worth hundreds of millions of dollars. The lawsuit could complicate the company's merger with Digital World Acquisition, which could value Trump's stake at over $3 billion. Litinsky and Moss claim that Trump has attempted to dilute their ownership stake, while Trump Media and Digital World have acknowledged the dispute in SEC filings.