Trump Media & Technology falls after report of potential $2.3 billion stake sale

Truth Social owner Trump Media & Technology Group's DJT.O shares fall 8.2% to $18.59

Shares hit a near six-month low earlier in the session

Co files for primary offering of up to ~8.4 mln shares of common stock and secondary offerings of up to 134.07 mln shares

Resale shares represent ~129.2% of co's public float and ~60.8% of co's outstanding shares of common stock as of March 28, 2025 - filing

Co also offers up to 79,538 private placement warrants exercisable at $11.50 per share of common stock - filing

Separately, DJT filed papers with the U.S. Securities and Exchange Commission that would allow President Donald Trump's trust to sell stock that could be worth $2.3 bln, Axios reports

DJT, on Monday, said it has become the first company to be listed on NYSE Texas

Including session's move, DJT down 44.6% YTD