Latest news with #RegulationSHOThresholdSecurityList
Yahoo
5 days ago
- Business
- Yahoo
Lottery.com Inc. Launches Investigation into Short Selling Activities
FORT WORTH, Texas, June 03, 2025 (GLOBE NEWSWIRE) -- Inc. (NASDAQ: LTRY, LTRYW) (' or the 'Company'), a leading technology company transforming the intersection of gaming, sports and entertainment, announced today that it has commenced an investigation into potential short selling activities in its stock. The Company has engaged legal counsel from Paul Hastings LLP to conduct the investigation. The Company believes that there may have been dissemination of false information relating to the Company with the objective of driving down its stock price and damaging its business. The Company also believes that it may have been the victim of illegal naked short selling in its stock. Within the last six months, stock has been listed on Nasdaq's Regulation SHO Threshold Security List sixteen times, which indicates a significant number of failures to deliver shares. During that time, SEC data shows a high level of failures to deliver, including over 1.12 million shares on February 10, 2025 alone. Large numbers of failures to deliver that persist over a long period of time may be indicative of naked short selling. Moreover, stock has continued to sustain high borrow rates, peaking at over 500%, suggesting an elevated level of demand to short the stock. The Company will not tolerate the spreading of false information about the Company or the manipulation of its stock. It is prepared to take all actions necessary to report any suspected illegal activity to regulators and to bring actions against anyone that is engaging in illegal activity to safeguard shareholder interest and ensure market transparency. This investigation builds on prior referrals already made by the Company to certain regulators including Nasdaq MarketWatch, the Securities and Exchange Commission and the Department of Justice. No stockholder action is required at this time. About The Inc. (NASDAQ: LTRY, LTRYW) family of brands — including Tinbu, and WinTogether, is a unified ecosystem that integrates gaming, entertainment, and sports. Forward-Looking Statements This press release contains statements that constitute 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding the Company's strategy, future operations, prospects, plans and objectives of management, are forward-looking statements. When used in this Form 8-K, the words 'could,' 'should,' 'will,' 'may,' 'believe,' 'anticipate,' 'intend,' 'estimate,' 'expect,' 'project,' 'initiatives,' 'continue,' the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. The forward-looking statements speak only as of the date of this press release or as of the date they are made. The Company cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. In addition, the Company cautions you that the forward-looking statements contained in this press release are subject to risks and uncertainties, including but not limited to, expectations related to the investigation of short selling or potential naked short selling, including the Company's analysis, its ability to take appropriate corrective action, or any potential investigations by regulators; any future findings from ongoing review of the Company's internal accounting controls; additional examination of the preliminary conclusions of such review; the Company's ability to secure additional capital resources; the Company's ability to continue as a going concern; the Company's ability to respond in a timely and satisfactory matter to the inquiries by Nasdaq; the Company's ability to regain compliance with the Bid Price Requirement; the Company's ability to regain compliance with Nasdaq Listing Rules; the Company's ability to become current with its SEC reports; and those additional risks and uncertainties discussed under the heading 'Risk Factors' in the Form 10-K/A filed by the Company with the SEC on April 22, 2025, and the other documents filed, or to be filed, by the Company with the SEC. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that the Company has filed and will file from time to time with the SEC. These SEC filings are available publicly on the SEC's website at Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. This press release was published by a CLEAR® Verified individual. CONTACT: For more information, please visit or contact our media relations team at press@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-04-2025
- Business
- Yahoo
Trump Media wants the SEC to investigate a hedge fund that has a $105 million short on the company
Trump Media is urging the SEC to investigate a hedge fund's short position in its stock. Earlier this week, Qube Research disclosed a $105 million short position on the stock. The firm says the SEC should look into "potential manipulation." Trump Media & Technology Group, the parent company of Truth Social, wants the Securities and Exchange Commission to investigate a hedge fund that's shorting its stock, claiming "potential manipulation." Qube Research & Technologies disclosed a net short position in Trump Media earlier this week, with the total value of the position at about $105 million. The UK-based hedge fund's disclosure was made to comply with Germany's short-selling regulations. In an email statement to Business Insider, Qube said its short position in Trump Media was based on its quantitative model and not on the company's fundamentals. Trump Media asked the SEC to investigate the trading activity of its stock and singled out Qube. In a memo released on Thursday, Trump Media asked Mark Uyeda, the acting chair of the SEC, to "immediately investigate this suspicious trading and report your findings back" to the company. Trump Media, which counts President Donald Trump's trust as a majority owner, is taking issue with the potential for naked short-selling of its stock. That occurs when a company's stock is sold short by an investor who hasn't borrowed the stock in the first place. The practice is illegal, and companies sometimes use claims that it's happening as a scapegoat for a falling stock price. Shares of Trump Media have plunged 39% year to date and are down 62% from their late-October peak. This embedded content is not available in your region. Trump Media said that the total number of shares sold short from March 31 through Wednesday remained virtually unchanged at about 11 million. It said it believed the short-selling data didn't line up with the position initiated by Qube. "The above factors, especially when combined with the history of suspicious trading surrounding DJT stock-including DJT appearing on Nasdaq's Regulation SHO Threshold Security List continuously for more than two months in 2024-could be indications of the illegal naked short selling of DJT shares," the firm said in the memo. This isn't the first time Trump Media has called for investigations into the trading activity of its stock. In June, the company asked the Nasdaq and Congress to look at "anomalies" related to the trading of its shares. Read the original article on Business Insider
Yahoo
18-04-2025
- Business
- Yahoo
Trump Media wants the SEC to investigate a hedge fund that has a $105 million short on the company
Trump Media is urging the SEC to investigate a hedge fund's short position in its stock. Earlier this week, Qube Research disclosed a $105 million short position on the stock. The firm says the SEC should look into "potential manipulation." Trump Media & Technology Group, the parent company of Truth Social, wants the Securities and Exchange Commission to investigate a hedge fund that's shorting its stock, claiming "potential manipulation." Qube Research & Technologies disclosed a net short position in Trump Media earlier this week, with the total value of the position at about $105 million. The UK-based hedge fund's disclosure was made to comply with Germany's short-selling regulations. In an email statement to Business Insider, Qube said its short position in Trump Media was based on its quantitative model and not on the company's fundamentals. Trump Media asked the SEC to investigate the trading activity of its stock and singled out Qube. In a memo released on Thursday, Trump Media asked Mark Uyeda, the acting chair of the SEC, to "immediately investigate this suspicious trading and report your findings back" to the company. Trump Media, which counts President Donald Trump's trust as a majority owner, is taking issue with the potential for naked short-selling of its stock. That occurs when a company's stock is sold short by an investor who hasn't borrowed the stock in the first place. The practice is illegal, and companies sometimes use claims that it's happening as a scapegoat for a falling stock price. Shares of Trump Media have plunged 39% year to date and are down 62% from their late-October peak. This embedded content is not available in your region. Trump Media said that the total number of shares sold short from March 31 through Wednesday remained virtually unchanged at about 11 million. It said it believed the short-selling data didn't line up with the position initiated by Qube. "The above factors, especially when combined with the history of suspicious trading surrounding DJT stock-including DJT appearing on Nasdaq's Regulation SHO Threshold Security List continuously for more than two months in 2024-could be indications of the illegal naked short selling of DJT shares," the firm said in the memo. This isn't the first time Trump Media has called for investigations into the trading activity of its stock. In June, the company asked the Nasdaq and Congress to look at "anomalies" related to the trading of its shares. Read the original article on Business Insider Sign in to access your portfolio
Yahoo
17-04-2025
- Business
- Yahoo
Trump Media Alerts SEC to Potential Manipulation of DJT stock
SARASOTA, Fla., April 17, 2025 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) ("TMTG" or "the Company"), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand sent the following memo to the U.S. Securities and Exchange Commission: MEMO: Suspicious Trading Activity of DJT Stock To: Mark Uyeda, Acting Chairman, U.S. Securities and Exchange Commission From: Trump Media & Technology Group Date: April 17, 2025Subject: Potential Illegal Naked Short Selling and Market Manipulation of DJT Stock CC: Financial Industry Regulatory Authority (FINRA); Nasdaq; New York Stock Exchange This letter serves to inform you of suspicious activity related to a disclosure filed in Germany by the U.K.-based hedge fund Qube Research & Technologies ('Qube'). The following data points raise critical questions about the timing and methods used in Qube's trading activities: On April 10, 2025, Qube disclosed a nearly six-million share short position in Trump Media & Technology Group Corp ('TMTG') (NASDAQ, NYSE Texas: DJT). Thus, a U.K.-based entity, with a data center in Iceland, only disclosed these short sales in Germany. According to Nasdaq, the total short interest in DJT as of March 31, 2025, was 10.7 million shares (see attached chart). Third party sources inform TMTG that the total short interest as of April 16, 2025, is virtually unchanged—approximately 11 million shares. Neither Nasdaq, NYSE Texas, nor any other source has been able to confirm when the trades disclosed by Qube were conducted or if they were conducted at all. The above factors, especially when combined with the history of suspicious trading surrounding DJT stock—including DJT appearing on Nasdaq's Regulation SHO Threshold Security List continuously for more than two months in 2024—could be indications of the illegal naked short selling of DJT shares. We urge you to immediately investigate this suspicious trading and report your findings back to TMTG and any relevant civil and criminal authorities. American equities exchanges should be operated with full transparency and maximum efficiency, not as an opaque free-for-all reminiscent of a third-world casino. Source: About TMTG The mission of TMTG is to end Big Tech's assault on free speech by opening up the Internet and giving people their voices back. TMTG operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations, as well as Truth+, a TV streaming platform focusing on family-friendly live TV channels and on-demand content. TMTG is also launching a financial services and FinTech brand incorporating America First investment vehicles. Investor Relations Contact Shannon Devine (MZ Group | Managing Director - MZ North America) Email: Media Contact press@ A photo accompanying this announcement is available at in to access your portfolio
Globe and Mail
17-04-2025
- Business
- Globe and Mail
Trump Media Alerts SEC to Potential Manipulation of DJT stock
SARASOTA, Fla., April 17, 2025 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) ("TMTG" or "the Company"), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand sent the following memo to the U.S. Securities and Exchange Commission: MEMO: Suspicious Trading Activity of DJT Stock To: Mark Uyeda, Acting Chairman, U.S. Securities and Exchange Commission From: Trump Media & Technology Group Date: April 17, 2025 Subject: Potential Illegal Naked Short Selling and Market Manipulation of DJT Stock CC: Financial Industry Regulatory Authority (FINRA); Nasdaq; New York Stock Exchange This letter serves to inform you of suspicious activity related to a disclosure filed in Germany by the U.K.-based hedge fund Qube Research & Technologies ('Qube'). The following data points raise critical questions about the timing and methods used in Qube's trading activities: On April 10, 2025, Qube disclosed a nearly six-million share short position in Trump Media & Technology Group Corp ('TMTG') (NASDAQ, NYSE Texas: DJT). Thus, a U.K.-based entity, with a data center in Iceland, only disclosed these short sales in Germany. According to Nasdaq, the total short interest in DJT as of March 31, 2025, was 10.7 million shares (see attached chart). Third party sources inform TMTG that the total short interest as of April 16, 2025, is virtually unchanged—approximately 11 million shares. Neither Nasdaq, NYSE Texas, nor any other source has been able to confirm when the trades disclosed by Qube were conducted or if they were conducted at all. The above factors, especially when combined with the history of suspicious trading surrounding DJT stock—including DJT appearing on Nasdaq's Regulation SHO Threshold Security List continuously for more than two months in 2024—could be indications of the illegal naked short selling of DJT shares. We urge you to immediately investigate this suspicious trading and report your findings back to TMTG and any relevant civil and criminal authorities. American equities exchanges should be operated with full transparency and maximum efficiency, not as an opaque free-for-all reminiscent of a third-world casino. Source: About TMTG The mission of TMTG is to end Big Tech's assault on free speech by opening up the Internet and giving people their voices back. TMTG operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations, as well as Truth+, a TV streaming platform focusing on family-friendly live TV channels and on-demand content. TMTG is also launching a financial services and FinTech brand incorporating America First investment vehicles. Investor Relations Contact Media Contact press@ A photo accompanying this announcement is available at
