Trump Media & Technology Group Files 10-K Report
April 01 2024 - 6:00PM
President Donald Trump created Truth Social to give the American
people their voices back, and he has already turned the platform
into yet another iconic American brand.
Trump Media & Technology Group Corp. (“TMTG,” NASDAQ: DJT),
operator of the Truth Social platform, filed a 10-K report today
with the Securities and Exchange Commission (“SEC”). The report
discloses, among other items, the financial results of its business
combination partner, Digital World Acquisition Corp. (“DWAC”), for
the year 2023. It is the first 10-K filed by TMTG since the company
went public effective on March 26, 2024.
TMTG CEO Devin Nunes said, “We are excited to be operating as a
public company and to have secured access to capital markets.
Closing out the 2023 financials related to the merger, Truth Social
today has no debt and over $200 million in the bank, opening
numerous possibilities for expanding and enhancing our platform. We
intend to take full advantage of these opportunities to make Truth
Social the quintessential free-speech platform for the American
people.”
Eric Swider, former DWAC CEO and current TMTG Director, said,
“DWAC overcame several challenges last year to consummate our
merger with TMTG and emerge as a united, debt-free, publicly traded
company. Looking toward the future, TMTG is poised to rapidly move
our business plans forward.”
About TMTG
The mission of Trump Media & Technology Group (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.
Investor Relations Contact:
Name: Shannon Devine (MZ Group | Managing Director - MZ North
America)
Email: shannon.devine@mzgroup.us
Media Contact:
press@tmtgcorp.com
Source: TMTG
No Offer or Solicitation
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
Forward-Looking Statements
Certain statements in this press release are forward-looking
statements. Forward-looking statements generally relate to future
events including future financial or operating performance of TMTG.
These forward-looking statements generally are identified by the
words "aim," "believe," "project," "expect," "anticipate,"
"estimate," "intend," "strategy," "future," "opportunity," "plan,"
"may," "should," "will," "would," "will be," "will continue," "will
likely result" and similar expressions, but the absence of these
words does not mean that a statement is not forward-looking.
Forward-looking statements are predictions, projections and other
statements about future events that are based on current
expectations and assumptions and, as a result, are subject to
numerous risks and uncertainties. Many factors could cause actual
future events to differ materially from the forward-looking
statements in this press release, including but not limited to: (i)
the effect of the business combination on TMTG's business
relationships, operating results, and business generally, (ii) the
outcome of any legal proceedings that have been and in the future
may be instituted against TMTG or against Digital World related to
the business combination, (iii) the risk of any investigations by
the Securities and Exchange Commission (the "SEC") or other
regulatory authority relating to any future financing or the
business combination and the impact they may have on TMTG, (iv)
Truth Social, TMTG's initial product, and its ability to generate
users and advertisers, (v) changes in domestic and global general
economic conditions, (vi) the risk that TMTG may not be able to
execute its growth strategies, (vii) risks related to the future
pandemics and response and geopolitical developments, (viii) the
risk that TMTG may not be able to develop and maintain effective
internal controls, (ix) costs related to the business combination
and the failure to realize anticipated benefits of the business
combination or to realize estimated pro forma results, and (x)
those factors discussed in Digital World's filings with the SEC,
including in the Registration Statement. The foregoing list of
factors is not exhaustive. You should carefully consider the
foregoing factors and the other risks and uncertainties that are
described in the "Risk Factors" section of the Registration
Statement, the Proxy Statement and any related supplements, and in
Digital World's Annual Report on Form 10-K, as amended, for the
year ended December 31, 2022, as filed with the SEC on October 30,
2023 and January 9, 2024 and in other reports Digital World has
filed and TMTG may file with the SEC. You should not place undue
reliance on any forward-looking statements, which are based only on
information currently available to TMTG (or to third parties making
the forward-looking statements). These filings identify and address
other important risks and uncertainties that could cause actual
events and results to differ materially from those contained in the
forward-looking statements. Forward-looking statements speak only
as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and while TMTG may
elect to update these forward-looking statements at some point in
the future, we assume no obligation to update or revise these
forward-looking statements, whether as a result of new information,
future events or otherwise. TMTG does not give any assurance that
TMTG will achieve its expectations.
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