Trump Media brings in $105 million from warrants exercise, has over $350 million in cash and no debt

The company says the "cash exercise of warrants" between June 20 and July 1 "resulted in more than $105 million in cumulative proceeds" and about $41 million of "restricted cash" is now unrestricted.

By Nicholas Ballasy

Published: July 2, 2024 10:15am

Trump Media & Technology Group Corp. which runs the Truth Social platform, announced on Tuesday that the company has more than $350 million in cash on band and no debt on its balance sheet as of July 1, 2024.

The company said that the "cash exercise of warrants" between June 20 and July 1 "resulted in more than $105 million in cumulative proceeds" and about $41 million of "restricted cash" is now unrestricted.