SEC’s decision may help it get $247 million: Trump Media

Trump Media & Technology Group said on Tuesday the Securities and Exchange Commission has declared effective the company’s filing for resale of certain shares and warrants, potentially giving it about $247 million in proceeds.

The company said that with its warrants now being exercisable, it expects to be “well-positioned” to pursue TV streaming, other enhancements to the platform and potential mergers and acquisitions.