©Reuters
MIAMI, FL – Trump Media & Technology Group Corporation (TMTG) announced the completion of a business combination in partnership with Digital World Acquisition Corporation. Starting Tuesday, TMTG's common stock and public warrants will be traded on the Nasdaq Stock Market under the ticker symbols “DJT” and “DJTWW,” respectively.
The merger marks the transition from Digital World to TMTG, which will continue to be led by CEO Devin G. Nunes and the existing management team. Leaders expressed optimism about the future, with TMTG's new director Eric Swider highlighting the potential for innovation and growth in the media and technology sector.
TMTG CEO Devin Nunes reaffirms the company's commitment to providing a platform for free expression and standing up against what he calls “Big Tech censors” It was positioned as a thing.
Legal advisors on this transaction were Paul Hastings LLP for Digital World and Nelson Mullins Riley & Scarborough LLP for TMTG. EF Hutton, LLC acted as the sole underwriter and exclusive introducing agent for Digital World.
TMTG runs Truth Social, a social media platform that promotes itself as a haven for free speech in the face of censorship from big tech companies. The company's mission is to provide an alternative to the current Internet environment dominated by these companies.
The press release also contains forward-looking statements regarding TMTG's expected future results and the potential impact of the business combination. However, these statements are subject to various risks and uncertainties that may affect actual future events.
This news is based on a press release and does not include any offer or solicitation of securities. This is for informational purposes only and does not endorse any of TMTG's claims.
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