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Fortune
Fortune
Paolo Confino

More than half of Trump Media's cash on hand came from selling $450 million worth of shares to a small New Jersey financial firm

TMTG Trump Media Yorkville New Jersey Truth Social
President Donald Trump (Credit: Andrew Harnik/Getty Images)
  • Trump Media sold about 20 million shares to the small investment shop Yorkville Advisors, which helped it raise about $450 million in cash over 2024. The deal comes after the two firms signed a standby equity purchase agreement last July. 

Over the course of last year the Trump Media and Technology Group (TMTG) raised $450 million by selling company shares at a discount to a small New Jersey financial firm that specializes in small- and micro-cap stocks. 

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