The closing price for DJT took extra time to pinpoint, as high trading volume resulted in delayed settling.
The lockup agreement first took effect when Trump Media went public in March, following a merger with a blank-check firm called Digital World Acquisition Corp., or DWAC.
Trump, whose 114,750,000 share stake in Trump Media was worth $1.5 billion at Friday’s close, said last week that he would not sell his shares when the restrictions lifted.
Trump Media on Friday closed at its lowest closing level since debuting on the Nasdaq in March, closing the day at a price of $13.55 per share.
ET, when the share price dropped to $13.50 — a level not seen since July 2023, when the stock was still DWAC.
Persons:
“, Donald Trump, DJT, Trump, ”, Friday’s, —, Kevin Breuninger
Organizations:
Trump Media, U.S . Securities, Exchange Commission, Republican, Nasdaq, Trump
Locations:
California, Pennsylvania