Trump Media & Technology Group Corp. (DJT) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
DJT currently has 277M outstanding shares. with significant dilution risk as 274M authorized shares could dilute existing holders by 99.0%. The company has significantly diluted shareholders by 65.47% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 08, 2026 |
10-Q filing | 276.7M shares outstanding |
280M | 270M |
| Nov 07, 2025 |
10-Q filing | 277.9M shares outstanding |
280M | 270M |
| Aug 26, 2025 |
8-K filing: Trump Media & Technology Group Corp. sold 2,797,985 shares of its Common Stock and $50 million in cash to Foris Holdings US, Inc. in exchange for 684,427,004 CRO. ($105.0M proceeds) |
280M | 270M |
| Aug 01, 2025 |
10-Q filing | 277.1M shares outstanding |
280M | 270M |
| Jun 05, 2025 |
S-3 filing: Trump Media & Technology Group Corp. may offer and sell securities including common stock, preferred stock, and debt securities up to an aggregate initial offering price of $12.0 billion, and this prospectus also relates to the offer and resale of up to 84,657,181 shares of common stock by selling securityholders. |
220M | 270M |
| May 30, 2025 |
8-K filing: Trump Media & Technology Group Corp. completed its PIPE Financing involving the issuance of 55,857,181 shares of common stock at a price of $25.72 per share, resulting in gross proceeds of approximately $1.44 billion, and $1.0 billion in convertible senior secured notes due 2028. ($1440.0M proceeds) |
220M | 270M |
| May 09, 2025 |
10-Q filing | 220.6M shares outstanding |
220M | 270M |
| Apr 02, 2025 |
S-3 filing: This S-3 filing registers the offering of up to 8,370,686 shares of common stock issuable upon exercise of public warrants, the resale of up to 134,078,598 shares of common stock by selling securityholders, and the resale of up to 79,538 warrants by selling securityholders. |
230M | 270M |
| Feb 14, 2025 |
POS AM filing: This is a post-effective amendment to a Form S-1 registration statement for Trump Media & Technology Group Corp., filed to include the consent of Semple, Marchal & Cooper, LLP regarding their report on the company's financial statements. |
200M | 130M |
| Feb 14, 2025 |
POS AM filing: This is a post-effective amendment to a Form S-1 registration statement for Trump Media & Technology Group Corp., filed to include the consent of Semple, Marchal & Cooper, LLP related to their report on the company's financial statements. |
200M | 130M |
| Feb 14, 2025 |
10-K filing | 220.1M shares outstanding |
220M | 130M |
| Nov 05, 2024 |
10-Q filing | 200.8M shares outstanding |
200M | 300M |
| Oct 03, 2024 |
8-K filing: Digital World Acquisition Corp. was involved in litigation with ARC in Delaware and Florida, regarding a disputed conversion ratio of common stock, which resulted in court rulings and the release of shares from escrow. |
200M | 300M |
| Aug 23, 2024 |
8-K filing: Trump Media & Technology Group Corp. authorized a share repurchase of 128,138 shares of its common stock from certain executive employees at $22.70 per share to remit funds to the IRS and state taxing authorities in connection with the issuance of TMTG Executive Promissory Notes. ($2.91M proceeds) |
190M | 300M |
| Aug 23, 2024 |
S-1 filing: This S-1 filing relates to the offer and sale from time to time by the selling securityholders of up to an aggregate of 5,102,002 shares of common stock. |
200M | 300M |
| Aug 09, 2024 |
10-Q filing | 194.7M shares outstanding |
190M | 300M |
| Jul 03, 2024 |
8-K filing: Trump Media & Technology Group Corp. entered into an asset acquisition agreement to acquire assets for its content delivery network, including issuing up to 5,100,000 shares of common stock, and entered into a Standby Equity Purchase Agreement with Yorkville for up to $2,500,000,000 of its Common Stock, while also updating risk factors and legal proceedings. |
190M | 300M |
| Jul 03, 2024 |
S-1 filing: This prospectus relates to the resale of 37,969,380 shares of common stock of Trump Media& Technology Group Corp. |
190M | 300M |
| Jun 18, 2024 |
S-1/A filing: This S-1/A filing includes the issuance of up to 14,375,000 shares of common stock upon the exercise of public warrants, and the resale of up to 146,108,680 shares of common stock and up to 4,061,251 warrants by selling securityholders. |
180M | 300M |
| Jun 14, 2024 |
S-1/A filing: This S-1/A filing includes the issuance of up to 14,375,000 shares of common stock upon exercise of public warrants and the resale of up to 146,108,680 shares of common stock and up to 4,061,251 warrants by selling securityholders. |
180M | 300M |
| Jun 10, 2024 |
S-1/A filing: The filing relates to the issuance by us of up to 14,375,000 shares of our common stock that are issuable upon the exercise of warrants and the offer and sale from time to time by the selling securityholders of up to an aggregate of 146,108,680 shares of Common Stock and up to 4,061,251 Warrants. |
180M | 300M |
| May 20, 2024 |
10-Q filing | 176.7M shares outstanding |
180M | 300M |
| Apr 15, 2024 |
S-1 filing: This S-1 filing registers the issuance of up to 21,491,251 shares of common stock upon exercise of warrants and the resale of up to 146,108,680 shares of common stock and up to 4,061,251 warrants by selling securityholders. |
140M | 300M |
| Apr 01, 2024 |
8-K filing: Digital World issued 3,424,510 Public TMTG private warrants and 1,709,145 shares of Public TMTG common stock to holders of Digital World Convertible Notes upon closing of the Business Combination. |
30M | 130M |
| Apr 01, 2024 |
10-K filing | 136.7M shares outstanding |
140M | 130M |
| Nov 22, 2023 |
10-Q filing | 30.0M shares outstanding |
30M | 130M |
| Nov 13, 2023 |
10-Q filing | 30.0M shares outstanding |
30M | 130M |
| Nov 13, 2023 |
10-Q filing | 30.0M shares outstanding |
30M | 130M |
| Apr 26, 2023 |
10-K filing | 30.0M shares outstanding |
30M | 130M |
| Nov 21, 2022 |
10-Q filing | 30.0M shares outstanding |
30M | 130M |
| Aug 23, 2022 |
10-Q filing | 30.0M shares outstanding |
30M | 130M |
| May 27, 2022 |
S-1 filing: This S-1 filing relates to the resale of New Digital World common stock issuable upon conversion of preferred stock and the issuance of preferred stock in connection with the Business Combination between Digital World Acquisition Corp. and Trump Media & Technology Group Corp. |
30M | 130M |
| May 19, 2022 |
10-Q filing | 30.0M shares outstanding |
30M | 31M |
| Apr 13, 2022 |
10-K filing | 30.0M shares outstanding |
30M | 31M |
| Nov 22, 2021 |
10-Q filing | 7.3M shares outstanding |
7.3M | 31M |
| Sep 16, 2021 |
8-K filing: Digital World Acquisition Corp. completed its initial public offering of 28,750,000 units at $10.00 per unit, generating gross proceeds of $287,500,000, and a private placement of 1,133,484 units to the Sponsor at $10.00 per unit, generating gross proceeds of $11,334,840. ($298.83M proceeds) |
8.6M | 31M |
| Sep 09, 2021 |
8-K filing: Digital World Acquisition Corp. consummated its IPO of 28,750,000 units at $10.00 per unit, generating gross proceeds of $287,500,000, and simultaneously completed a private sale of 1,133,484 units to the Sponsor at $10.00 per unit, generating gross proceeds of $11,334,840. ($298.83M proceeds) |
8.6M | 31M |
| Sep 01, 2021 |
S-1/A filing: Digital World Acquisition Corp. is offering 30,000,000 units at $10.00 per unit in an initial public offering, with each unit consisting of one share of Class A common stock and one-half of one redeemable warrant, and is also conducting a private placement of 1,174,109 placement units at $10.00 per unit. |
8.6M | 31M |
| Aug 30, 2021 |
S-1/A filing: Digital World Acquisition Corp. is offering 30,000,000 units at $10.00 per unit, with each unit consisting of one share of Class A common stock and one-half of one redeemable warrant, and underwriters have a 45-day option to purchase up to an additional 4,500,000 units to cover over-allotments. |
8.6M | 30M |
| Aug 20, 2021 |
S-1/A filing: Digital World Acquisition Corp. is offering 30,000,000 units, each consisting of one share of Class A common stock and one-half of one redeemable warrant, at an offering price of $10.00 per unit, in an initial public offering. |
8.6M | 31M |
| Aug 10, 2021 |
S-1/A filing: Digital World Acquisition Corp. is offering 30,000,000 units at $10.00 per unit, with each unit consisting of one share of Class A common stock and one-half of one redeemable warrant in an initial public offering. |
8.6M | 31M |
| Jul 26, 2021 |
S-1/A filing: Digital World Acquisition Corp. is offering 30,000,000 units at $10.00 per unit in an initial public offering, each unit consisting of one share of Class A common stock and one-half of one redeemable warrant; the underwriters have a 45-day option to purchase up to an additional 4,500,000 units. |
8.6M | 31M |
| Jul 08, 2021 |
S-1/A filing: Digital World Acquisition Corp. is offering 30,000,000 units at $10.00 per unit, each unit consisting of one share of Class A common stock and one-half of one redeemable warrant, in an initial public offering, and is also selling 1,174,109 placement units in a private placement. |
8.6M | 31M |
| May 26, 2021 |
S-1 filing: Digital World Acquisition Corp. is offering 10,000,000 units at $10.00 per unit in an initial public offering, each unit consisting of one share of Class A common stock, one-half of one redeemable warrant and one right. |
2.9M | 10M |