Trump Media & Technology Group Corp.
Digital World Acquisition Corp. Announces Issuance of Convertible Notes and Warrants
Summary
On February 8, 2024, Digital World Acquisition Corp. announced the issuance of up to $50,000,000 in convertible promissory notes and 3,050,000 warrants, part of the proposed business combination with Trump Media & Technology Group Corp. The convertible notes accrue interest at 8.00% annually and are convertible into Digital World Class A common stock and warrants. The warrants entitle the holder to purchase one share of Digital World Class A common stock for $11.50 per share. These issuances were made pursuant to the exemption from registration under Section 4(a)(2) of the Securities Act of 1933.
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Exhibits (3)
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About Trump Media & Technology Group Corp.
Trump Media & Technology Group Corp. is a company operating in the media and technology sector. Its primary goal is to create a platform that encompasses social media, streaming services, and news outlets, aiming to offer an alternative to mainstream media channels. The corporation’s hallmark initiative is the development of Truth Social, a social media platform designed to promote open dialogue and digital interaction without perceived censorship. By venturing into digital media, Trump Media & Technology Group Corp. positions itself within a competitive industry, impacting social communication, information dissemination, and content creation. This company also signifies the intersection of politics and business in the media landscape, as it seeks to capture an audience aligned with its ideological undercurrents. As a recent entrant in the industry, it plays a unique role in challenging established media entities and appealing to audiences looking for divergent perspectives in media consumption.
Official SEC Documents
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