Trump Media & Technology Group Corp (NASDAQ:DJT) shares are trading higher Monday after the company announced a share repurchase authorization.
What Happened: Trump Media’s board has authorized a buyback of up to $400 million of the company’s common stock. Any repurchases will be made on the open market and comprise either stock or warrants.
“The Board took a vote of confidence in our Company, our stock, and our strategic plans. Since Trump Media now has approximately $3 billion on its balance sheet, we have the flexibility to take actions like this which support strong shareholder returns, as we continue exploring further strategic opportunities,” said Devin Nunes, chairman and …
Full story available on Benzinga.com
Trump Media & Technology Group Corp (NASDAQ:DJT) shares are trading higher Monday after the company announced a share repurchase authorization.
What Happened: Trump Media’s board has authorized a buyback of up to $400 million of the company’s common stock. Any repurchases will be made on the open market and comprise either stock or warrants.
“The Board took a vote of confidence in our Company, our stock, and our strategic plans. Since Trump Media now has approximately $3 billion on its balance sheet, we have the flexibility to take actions like this which support strong shareholder returns, as we continue exploring further strategic opportunities,” said Devin Nunes, chairman and …
Full story available on Benzinga.com
Trump Media & Technology Group Corp (NASDAQ:DJT) shares are trading higher Monday after the company announced a share repurchase authorization.
What Happened: Trump Media’s board has authorized a buyback of up to $400 million of the company’s common stock. Any repurchases will be made on the open market and comprise either stock or warrants.
“The Board took a vote of confidence in our Company, our stock, and our strategic plans. Since Trump Media now has approximately $3 billion on its balance sheet, we have the flexibility to take actions like this which support strong shareholder returns, as we continue exploring further strategic opportunities,” said Devin Nunes, chairman and …Full story available on Benzinga.com Read MoreDJT, News, why it’s moving, Buybacks, Movers, DJT, News, Buybacks, Movers, Benzinga News
