Trump Media moves to register the president’s shares again

President Trump’s social media companies, Trump Media & Technology Group, requested the shares of billions of dollars that he has in the company and who are supervised by his eldest son.

The registration declaration submitted on Monday at the Securities and Exchange Commission enables trust to sell shares, but that does not mean that a sale is imminent. The almost 115 million stocks that were held in trust were previously registered by Trump Media, the parent company of Truth Social, the Social Media platform, which Mr. Trump used as primary online megaphone.

A few weeks after winning the presidential election, Mr. Trump transferred his shares in Trump Media on the revocable trust of Donald J. Trump, who is controlled by his eldest son Donald Trump Jr. On several occasions, the president said that he had no plans to sell shares.

President Trump is the largest individual shareholder in Trump Media and controls around 53 percent of his shares. The share that rose after the election fell by more than 40 percent this year.

With the trade with around 19 US dollars, Mr. Trump’s proportion is worth almost 2.2 billion US dollars. Trump Media’s share price has swung wildly since his public. His trade patterns often seem to be divorced by the company’s financial data, which has so far hardly achieved any income and continues to achieve quarterly losses.

In a press release, Trump Media announced that the registration declaration was misunderstood by the “Legacy Media” as a new event, even though she had previously registered the shares. The company said it was “a routine submission that registers the shares for future sale”.

The submission also registered for sales shares of others. Among the other shareholders are Yorkville Advisors, an investment company in New Jersey who works with Trump Media to create investment products for retail, including a fund traded by Crypto Exchange. The registration registered just more than 17 million shares of Yorkville from Trump Media as part of a long -term financing agreement.

The registration declaration also includes 106,000 shares of the US general Prosecutor Pam Bondi. Ms. Bondi had acquired the shares in exchange for consulting work, which she did for a shareholder of the bar-rich special purification company, with which Trump Media was put together to go to the stock exchange.

In her ethics agreement, which was submitted to the government ethics, Ms. Bondi said that she intended to sell her equity shares in Trump Media within 90 days after her confirmation, which would take place in early May.