ChainCatcher reports that, according to Reuters, data from financial analytics firm S3 Partners shows that following Trump Media & Technology Group’s announcement last month to pursue a $6 billion all-stock merger with Google-backed fusion energy company TAE Technologies, short positions have recently surged significantly, increasing by 31% to nearly 16 million shares, approaching the highest level since October.
It is reported that Trump himself holds approximately 115 million shares of Trump Media & Technology Group, accounting for about 40% of the company’s shares. Due to equity dilution caused by the merger, Trump’s ownership stake will decrease to around 20% once merged with TAE.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Trump Media Company short positions surge; if merged with TAE, Trump's personal holdings will drop to approximately 20%
ChainCatcher reports that, according to Reuters, data from financial analytics firm S3 Partners shows that following Trump Media & Technology Group’s announcement last month to pursue a $6 billion all-stock merger with Google-backed fusion energy company TAE Technologies, short positions have recently surged significantly, increasing by 31% to nearly 16 million shares, approaching the highest level since October.
It is reported that Trump himself holds approximately 115 million shares of Trump Media & Technology Group, accounting for about 40% of the company’s shares. Due to equity dilution caused by the merger, Trump’s ownership stake will decrease to around 20% once merged with TAE.