Mars Finance News, according to Reuters, data from financial analysis firm S3 Partners shows that after Trump Media Tech Company announced last month its intention to pursue a $6 billion all-stock merger with Google-backed nuclear fusion energy company TAE Technologies, its short positions have surged significantly recently, increasing by 31% to nearly 16 million shares, approaching the highest level since October. It is reported that Trump himself holds approximately 115 million shares of Trump Media Company, accounting for about 40% of the company’s shares. Due to equity dilution caused by the merger, Trump’s ownership stake will decrease to about 20% once merged with TAE.
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Trump Media Company short positions surge; if merged with TAE, Trump's personal holdings will drop to approximately 20%
Mars Finance News, according to Reuters, data from financial analysis firm S3 Partners shows that after Trump Media Tech Company announced last month its intention to pursue a $6 billion all-stock merger with Google-backed nuclear fusion energy company TAE Technologies, its short positions have surged significantly recently, increasing by 31% to nearly 16 million shares, approaching the highest level since October. It is reported that Trump himself holds approximately 115 million shares of Trump Media Company, accounting for about 40% of the company’s shares. Due to equity dilution caused by the merger, Trump’s ownership stake will decrease to about 20% once merged with TAE.