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Today, Trump Media & Technology Group Corp. (NASDAQ:DJT), also known as TMTG, addressed a story published by the Financial Times concerning the company’s financial maneuvers. The company, which operates in the computer programming and data processing sector, sent a letter to the publication to clarify details about the reported sale of a $2.3 billion stake by the company’s president.
According to the 8-K filing with the Securities and Exchange Commission, the letter to the Financial Times, dated April 3, 2025, was intended to correct what TMTG deemed inaccuracies in the report titled, "Trump Media Shares fall after president kicks off sale of $2.3bn stake." The stock has experienced notable price movement this year, with a YTD return of -5.68% and currently trading near its 52-week range of $14,244 to $17,846.
The company’s communication, however, is not considered filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor is it incorporated by reference into any of TMTG’s filings under the Securities Act of 1933 or the Exchange Act.
TMTG, which has its headquarters in Sarasota, Florida, also provided forward-looking statements in the 8-K filing, discussing its business strategies and the prospects of its products and services, including Truth.Fi. These statements are not guarantees of future performance and are subject to a number of risks and uncertainties. The company cautions readers not to place undue reliance on these forward-looking statements, which were made only as of the date of the report.
The filing further elaborates on the potential risks and uncertainties that could impact TMTG’s business operations and financial results. These include the company’s ability to realize anticipated benefits from its products and services, obtain regulatory approval, manage future growth, maintain its user base, achieve profitability, and handle cyber incidents effectively. For a deeper analysis of TMTG’s financial health and growth prospects, InvestingPro subscribers can access exclusive insights, including detailed financial metrics, peer comparisons, and expert analysis.
Investors and interested parties are encouraged to review the company’s annual report and other SEC filings for a more comprehensive understanding of the risks involved.
The details provided in this article are based on the information contained in the SEC filing by Trump Media & Technology Group Corp.
In other recent news, Trump Media and Technology Group Corp. (TMTG) has clarified its recent SEC filing, emphasizing that it was a routine re-registration of shares and not a precursor to a sell-off by the Trump trust. The company further announced its debut as the first listing on the newly established NYSE Texas, maintaining its primary listing on NASDAQ. In a strategic move, TMTG plans to partner with Crypto.com to launch a series of exchange-traded funds (ETFs) through its financial brand Truth.Fi, focusing on American industries like energy, pending regulatory approvals. Additionally, TMTG has expanded its streaming service, Truth+, by launching an app for Roku (NASDAQ:ROKU) TV devices, offering family-friendly programming and live TV channels. The company also released an update to its Truth Social app, enhancing group features and security measures to improve user experience. These developments underscore TMTG’s ongoing efforts to expand its platforms and services across various sectors.
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