Trump Media's private placement consists of $1.5 billion of common equity and $1 billion of zero-coupon convertible debt

PANews reported on May 27 that Trump Media has reached subscription agreements with about 50 institutional investors for a total of about $2.5 billion in private placements, including $1.5 billion in common shares and $1 billion in zero-coupon convertible bonds. The proceeds will be used to build a Bitcoin vault, which will be held in escrow by Crypto.com and Anchorage Digital. The transaction is expected to close on May 29.

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