Trump Media & Technology Group raised approximately $450 million in 2024 using equity purchase agreement with Yorkville America Digital obligating it to buy newly issued TMTG shares at 97.25 % of market price, ensuring steady capital for TMTG and a resale margin for Yorkville

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Last year, Trump Media entered into an “equity line of credit” with Yorkville, an arrangement in which the firm can acquire discounted shares of the company in return for cash. To date, Yorkville has acquired a little over 17 million shares of Trump Media as part of a long-term financing arrangement, according to regulatory filings.

TMTG and Yorkville’s finances are heavily intertwined. Last year, the two companies signed a standby equity purchase agreement, which is a specific kind of contract that allows a company to sell discounted shares to a firm that is then obligated to buy them. These sorts of agreements can be mutually beneficial because they offer a company like TMTG a guaranteed buyer of shares should they need to raise capital. At the same time, Yorkville can buy TMTG stock at a discount, paying only 97.25% of the share price, which it can then sell on the open market at full price. In 2024, TMTG raised about $450 million from this financial arrangement, according to SEC filings.