Trump Media &amp; Technology Group's (TMTG) stock price plunged by more than 15% on Monday after the parent company of former <a href="https://www.foxbusiness.com/category/donald-trump" target="_blank" rel="noopener"><u>President Donald Trump's</u></a> Truth Social platform filed to sell millions more shares.

TMTG, which trades on the Nasdaq under the symbol "DJT," said in an SEC filing it could issue an additional 21.5 million shares in the coming months.

<div><picture><source media="(max-width: 767px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/03/343/192/Trump-Truth-Logo-a.jpg?ve=1&amp;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/03/686/384/Trump-Truth-Logo-a.jpg?ve=1&amp;tl=1 2x"> <source media="(min-width: 768px) and (max-width: 1023px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/03/672/378/Trump-Truth-Logo-a.jpg?ve=1&amp;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/03/1344/756/Trump-Truth-Logo-a.jpg?ve=1&amp;tl=1 2x"> <source media="(min-width: 1024px) and (max-width: 1279px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/03/931/523/Trump-Truth-Logo-a.jpg?ve=1&amp;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/03/1862/1046/Trump-Truth-Logo-a.jpg?ve=1&amp;tl=1 2x"> <source media="(min-width: 1280px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/03/720/405/Trump-Truth-Logo-a.jpg?ve=1&amp;tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/03/1440/810/Trump-Truth-Logo-a.jpg?ve=1&amp;tl=1 2x"> <img src="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/03/931/523/Trump-Truth-Logo-a.jpg?ve=1&amp;tl=1" width="100%" height="auto"></picture></div> <div><p><span>The Truth social network logo is seen on a smartphone in front of a display of former President Donald Trump in this picture illustration taken Feb. 21, 2022.</span><span> (REUTERS/Dado Ruvic/Illustration / Reuters Photos)</span></p></div>

<thead><tr><th class="ticker">Ticker</th> <th class="security">Security</th> <th class="last">Last</th> <th class="change">Change</th> <th class="percent">Change %</th></tr></thead> <tbody><tr><td class="ticker"><a href="/quote?stockTicker=DJT">DJT</a></td> <td class="security">TRUMP MEDIA &amp; TECHNOLOGY GROUP CORP</td> <td class="last">27.96</td> <td class="change neg">-4.63</td> <td class="percent neg">-14.21%</td></tr> <tr><td colspan="5" class="sponsored-by-td"></td></tr></tbody>

<i>This is a developing story that will be updated.</i>

Trump Media & Technology Group stock tumbled more than 15% Monday after the company launched by former President Donald Trump disclosed it could issue millions more shares.{ai:summary}<p>Trump's Truth Social parent company, TMTG, saw stock prices plunge by 15% as they filed to sell millions more shares. Additional 21.5 million shares could be issued soon.  #economy</p>

Trump Media stock plummets after company files to issue millions more shares

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