The company agreed to issue approximately $1.5 billion in common stock and $1.0 billion in zero-coupon convertible senior secured notes to nearly 50 institutional investors.
Trump Media & Technology Group Corp (NASDAQ:MAGA) announced plans for a $2.5 billion private placement offering to expand its Bitcoin treasury and other capital needs. The company agreed to issue common stock for approximately $1.5 billion and zero-coupon convertible senior secured notes for $1.0 billion to nearly 50 institutional investors.
The startup media company plans to use the net proceeds from the private placement to purchase and add to its Bitcoin treasury, adjust its existing cash and short-term investments, and fund general and administrative expenses.
At the end of the first quarter of 2025, Trump Media had cash and cash equivalents, as well as short-term investments, totaling $759 million.
The company’s capital expenditures in Q1 amounted to $216 million, primarily used for developing its technology and expanding broadcasting capabilities.
During the first quarter, Trump Media reported a net loss of $144.4 million, nearly double the $72.2 million loss reported in the fourth quarter of 2024.
The company’s revenue for the three months ended March 31, 2025, came in at $29.9 million, a significant increase from the $6.3 million reported in the previous quarter.
The company’s shares closed on Friday at $21.76, but in premarket trading on Monday, they rose by 0.4%.
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