DJT Stock Will Be First Listing on New Texas Exchange
SARASOTA, Fla., March 31, 2025 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq: DJT) ("TMTG" or the "Company"), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, today will become the first new stock to list on the New York Stock Exchange (NYSE) Texas.
While continuing its primary listing on the NASDAQ, DJT will also trade with the same “DJT” ticker symbol on NYSE Texas, which is part of Intercontinental Exchange, Inc. (“ICE”). DJT warrants will be listed on NYSE Texas under the ticker symbol DJTWW.
TMTG CEO and Chairman Devin Nunes said, “We’re honored to become the initial listing for NYSE Texas, which is a great fit for TMTG as we diversify into financial services and other realms. Texas provides a fantastic climate for business and entrepreneurship that aligns with TMTG’s mission. This listing, alongside our plans to reincorporate in Florida, shows we’re part of a growing movement to take our business to states that value free enterprise and personal freedom.”
“We are thrilled to open NYSE Texas to corporate issuers and to welcome Trump Media & Technology Group to our NYSE community through a NYSE Texas listing,” said Lynn Martin, President, NYSE Group. “This new offering, which we announced just last month, will allow companies to capitalize on the pro-business dynamics in Texas. We applaud Trump Media, Governor Abbott and the state of Texas on their commitment to supporting the innovation of U.S. capital markets.”
Can someone please help us understand what to do with the DJT warrants. ThanQ
You can hold on to them for a long time. I believe you have until July 2028 before you need to exercise / sell them.
Exercise the Warrant:
When to Exercise: Exercise a call warrant if the stock’s market price is significantly above the strike price, allowing you to buy shares at a discount and potentially sell them for a profit. For a put warrant, exercise if the market price is below the strike price, enabling you to sell shares at a higher price. For example, if a call warrant has a strike price of $40 and the stock is trading at $50, exercising allows you to buy at $40 and sell at $50, netting a $10 profit per share (minus fees).
Process: Contact your broker to exercise the warrant. You’ll specify how many warrants to exercise, pay the strike price (for call warrants), and the company issues new shares (which can dilute existing shareholders). Your broker handles paperwork and may charge a fee.
Considerations: Ensure exercising is profitable after accounting for fees and taxes. Exercising is dilutive, as new shares are issued, potentially impacting the stock price.
Sell the Warrant: When to Sell: If the stock price is close to or below the strike price but the warrant still has time value (due to time remaining until expiration), you can sell it on the secondary market. Warrants trade like stocks and can have value even if "out of the money" due to potential future stock price increases. For instance, a warrant with a $40 strike price may sell for $2 if the stock is at $38, reflecting time value.
Process: Sell through your brokerage account, where warrants appear like stocks or options. Liquidity can be lower than stocks, so check bid-ask spreads.
Considerations: Selling avoids the need to pay the strike price and is ideal if you want to realize gains without holding until expiration or if the stock is unlikely to exceed the strike price.
Thank you for your thorough reply Fren
You're welcome. I had to look up the detailed explanation from Grok (AI).
I've had DJT warrants for a long time but I forgot what the process was.