Trump Media & Technology Group Corp. Form 8-K: Cronos purchase agreement
Reporting cited here
- documented
After the affordability promise, the Trump-controlled issuer put company cash and equity into volatile digital assets and later booked a $403.22 million related accounting loss. Shareholders carried that corporate risk; their aggregate realized losses are not established.
Items 1.01 and 8.01: August 26 purchase and closing; 2,797,985 shares plus $50 million cash exchanged for 684,427,004 CRO valued at approximately $105 millionThe DJT Bagholder Test — Audit finding · Cited analysis
- documented
Trump Media closed a purchase in which it transferred company shares and cash to Foris Holdings US for Cronos tokens, after separately accumulating Bitcoin in the third quarter.
Items 1.01 and 8.01: August 26 purchase and closing; 2,797,985 shares plus $50 million cash exchanged for 684,427,004 CRO valued at approximately $105 millionThe DJT Bagholder Test — The record · The record