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Trump Media & Technology Group Files S-1 Resale Registration Statement

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Trump Media & Technology Group Corp. files S-1 resale registration statement with the SEC, allowing for the registration of certain shares of common stock and warrants following the business combination with Digital World Acquisition Corp. The Registration Statement does not involve any proceeds for TMTG from the resale of securities by existing security holders. The Registration Statement is subject to amendment and completion, and the prospectus can be accessed through the SEC's website.
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The filing of a Form S-1 resale registration statement by Trump Media & Technology Group Corp. with the SEC is a noteworthy event for investors as it indicates a significant phase in the company's post-business combination lifecycle. The registration statement is primarily for the resale of shares and warrants that existing security holders possess. It's important to note that the actual sale of these securities is conditional upon the SEC's approval and therefore does not generate immediate capital for TMTG. However, such a move can potentially lead to increased market liquidity and offer insights into shareholder confidence in TMTG's long-term prospects.

From a financial analysis perspective, the lockup period and selling restrictions for directors, officers and certain key security holders are also critical elements. They guard against a rapid sell-off that could destabilize the stock price post-lockup expiry. Investors often monitor these periods as they can influence stock volatility. The fact that TMTG will not receive proceeds from the resale except in the case of warrant exercises, which typically means cash inflow, should be underscored as it speaks to the company's immediate capital raising strategies.

Understanding the context of TMTG's platform, Truth Social and its positioning within the highly competitive social media landscape can offer additional implications for the business's performance. The platform's association with President Donald J. Trump may engender a unique user base and influence engagement metrics. With the recent business combination and the subsequent S-1 filing, the market will be evaluating the platform's ability to sustain and grow its user base, which is pivotal for advertising revenue and the overall valuation of TMTG. Additionally, how the platform navigates regulatory scrutiny and societal debates on free speech versus content moderation could influence public perception and, by extension, investor sentiment.

For investors and market researchers, the effectiveness of the registration statement is a marker to watch, as it will determine when the resale of securities can legally take place. This can provide us clues about the future market supply of TMTG stock and possibly forecast the company's ability to attract institutional investors, which often seek out companies with greater share liquidity.

SARASOTA, Fla., April 15, 2024 (GLOBE NEWSWIRE) -- Trump Media & Technology Group Corp. (NASDAQ: DJT) (“TMTG” or the “Company”)—operator of the Truth Social platform, yet another of President Donald J. Trump’s iconic American brands—today filed a registration statement on Form S-1 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (the “SEC”) to register, for resale or initial issuance, certain shares of common stock and warrants of the Company following the consummation of the Company’s business combination with Digital World Acquisition Corp. on March 25, 2024 (the “Business Combination”).

As part of the Registration Statement, all securities being registered are either held by or underlie securities held by existing security holders of TMTG. TMTG will not receive any proceeds from the resale of securities by the selling security holders pursuant to this Registration Statement and, except in connection with any possible future exercise for cash of any outstanding warrants, TMTG will not receive any proceeds from the sale of any securities registered on the Registration Statement.

The listing of an individual as a “selling securityholder” in the Registration Statement does not mean such individual or entity will sell their shares or is planning to sell their shares. Notwithstanding registration of securities on the Registration Statement, TMTG’s directors and officers, its affiliate President Donald J. Trump and certain other securityholders will remain subject to a lockup period or otherwise restricted from selling any shares at this time.

The Registration Statement relating to these securities has been filed with the SEC, but has not yet been declared effective. These securities registered may not be sold nor may offers to buy be accepted until the Registration Statement becomes effective. The Registration Statement is subject to amendment and completion.

The Registration Statement and preliminary prospectus may be accessed through the SEC’s website at www.sec.gov. Upon effectiveness, a copy of the prospectus included in the registration statement may be obtained from Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (800) 353-0103.

This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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:
Shannon Devine (MZ Group | Managing Director - MZ North America)
Email: shannon.devine@mzgroup.us

Media Contact:
press@tmtgcorp.com


FAQ

What did Trump Media & Technology Group Corp. file with the SEC?

Trump Media & Technology Group Corp. filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) to register certain shares of common stock and warrants following the business combination with Digital World Acquisition Corp.

Will TMTG receive any proceeds from the resale of securities by existing security holders?

TMTG will not receive any proceeds from the resale of securities by the selling security holders pursuant to the Registration Statement.

Where can the prospectus included in the registration statement be obtained?

Upon effectiveness, a copy of the prospectus included in the registration statement may be obtained from Broadridge Financial Solutions or through the SEC's website.

Can the securities registered in the Registration Statement be sold immediately?

The securities registered may not be sold nor may offers to buy be accepted until the Registration Statement becomes effective.

Is there any offer to sell or buy securities mentioned in the press release?

The press release states that it shall not constitute an offer to sell or the solicitation of any offer to buy these securities in any state or jurisdiction.

Trump Media & Technology Group Corp.

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