The stock price of Trump Media drops over 6% in the two days leading up to the end of the merger "lockup" period.

• On Tuesday, the stock price of Trump Media decreased by 6.6%, just two days before the expiration of restrictions that prevent its majority shareholder, Donald Trump, and other insiders from selling their shares.
• On Friday, Trump announced that he will not sell his 114,750,000 shares of Truth Social's owner.
• On Tuesday, Trump's stock was valued at over $1.8 billion.
• On Monday, a Delaware judge ruled that Trump Media violated an agreement with ARC Global, an investor who helped the company go public.

On Tuesday, the stock price of the company decreased by 6.6%, closing at $16.14 per share. This decline occurred two days before the "lockup" restrictions that have prevented the company's majority shareholder, Donald Trump, and other insiders from selling their stakes, will expire.

The lockup agreement, in place since the company's merger with a special purpose acquisition company in March and subsequent public trading, has prevented the former president and early investors from selling their shares.

Those restrictions expire Thursday.

As of Tuesday's close, Trump's stake in Truth Social was worth more than $1.8 billion, despite his initial statement that he would not sell his 114,750,000 shares.

At a press conference in California on Friday, Trump stated that he had no intention of selling.

On Friday, shares rose as much as 25% after Trump's announcement and closed up 11%.

But Trump Media's losses so far this week have erased those gains.

On Monday, the stock market experienced a 4% decline, following a weekend in which Trump was the target of an apparent assassination attempt.

On Sunday, a man with a semiautomatic rifle was hiding near Trump's golf club in Florida, prompting the U.S. Secret Service to open fire.

Ryan Wesley Routh, a 58-year-old man, was arrested and charged with two federal gun crimes after fleeing the scene.

The weekend threat to Trump had the opposite effect on Trump Media stock as shares did on the first assassination attempt on Trump in July, where they closed up more than 30% on the first trading day after the attempt.

On Monday, a Delaware judge ruled that Trump Media had violated an agreement with ARC Global, an early investor who helped the company go public.

Lori Will, Vice Chancellor, found that Digital World Acquisition Corp. underestimated the amount of stock that ARC Global deserved after the merger that made Trump Media public.

On Tuesday, Trump Media's stock price dropped rapidly after 3 p.m. ET, reaching its lowest closing level since its debut on the Nasdaq.

The stock has fallen 75% from its postmerger high in March, while shares are now down 60% from their most-recent high in July following the first assassination attempt at a Trump rally in Butler, Pennsylvania.

As of Tuesday's close, Trump Media's market capitalization was $3.2 billion.