Trump Media & Technology Group Corp., the operator of platforms such as Truth Social, Truth+, and Truth.Fi, has successfully completed a significant $2.5 billion private placement offering. The offering consists of $1.5 billion in common stock and $1 billion in convertible senior secured notes. The transaction involved approximately 50 institutional investors and was facilitated by Yorkville Securities, LLC and Clear Street LLC as co-lead placement agents, with BTIG, LLC and Cohen & Company Capital Markets acting as co-placement agents. Reed Smith provided legal counsel to the placement agents. This acquisition, one of the largest cryptocurrency treasury deals by a public company, positions bitcoin alongside Trump Media's existing cash reserves on its balance sheet.
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