Shares of Trump Media & Technology Group experienced a significant decline, falling nearly 8% before the market opened on Wednesday. This drop came after the company announced the registration of shares for a potential sale. According to the prospectus, the company is set to issue up to approximately 8.4 million shares of common stock, each with a par value of $0.0001. These statistics highlight the volatility and investor reactions in the stock market surrounding such announcements.
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