Trump Media & Technology Group Corp. (DJT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 08, 2026

Risk Assessment Details

Potential Dilution: 99.02% of current shares
Recent Dilution: 65.47% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
280M
Potential Supply
270M
Additional shares possible
Splits
None
Past 2 years

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

Outstanding Shares
Total Supply

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
Weekly Research

Get Weekly Super Stonk Alerts

Never miss a squeeze opportunity. Get our weekly analysis of high short interest stocks, AI-discovered gems, and dilution warnings delivered to your inbox.

No spam Unsubscribe anytime