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Reported Wednesday, Trump Media & Technology Announces Perpetual Licensing Agreement For Streaming Technology And Long-Term Equity Financing

Author: Benzinga Newsdesk | July 05, 2024 03:35am

TMTG's streaming service is designed to host news shows and networks, religious channels, and additional family-friendly content that has been cancelled or is at risk of cancellation. The technology acquisition announced today will be financed at closing through TMTG's issuance of up to 5,100,000 shares of its common stock, which shares shall be subject to certain trading restrictions, and $17.5 million that are expected to be paid over a period of three years.

Posted In: DJT