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Digital World Acquisition Corp | 425: Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions

SEC ·  Mar 23 05:18

Summary by Futu AI

On March 22, 2024, Digital World Acquisition Corp. (Digital World) held a virtual special meeting where stockholders voted to approve a series of proposals related to the Business Combination with Trump Media & Technology Group Corp. (TMTG). The approved proposals include the merger of DWAC Merger Sub, Inc. with TMTG, with TMTG surviving as a wholly owned subsidiary of Digital World, and a name change of Digital World to 'Trump Media & Technology Group Corp.' The stockholders also voted on board structure and composition, amendments to the company's charter, and the adoption of the TMTG 2024 Equity Incentive Plan. The common stock of the newly named Trump Media & Technology Group Corp. is expected to trade on Nasdaq under the ticker symbols 'DJT' and 'DJTWW...Show More
On March 22, 2024, Digital World Acquisition Corp. (Digital World) held a virtual special meeting where stockholders voted to approve a series of proposals related to the Business Combination with Trump Media & Technology Group Corp. (TMTG). The approved proposals include the merger of DWAC Merger Sub, Inc. with TMTG, with TMTG surviving as a wholly owned subsidiary of Digital World, and a name change of Digital World to 'Trump Media & Technology Group Corp.' The stockholders also voted on board structure and composition, amendments to the company's charter, and the adoption of the TMTG 2024 Equity Incentive Plan. The common stock of the newly named Trump Media & Technology Group Corp. is expected to trade on Nasdaq under the ticker symbols 'DJT' and 'DJTWW'. The meeting marked a significant step towards the completion of the merger, which has been in process since the initial agreement in October 2021. Digital World's CEO, Eric Swider, expressed gratitude for the stockholder support and looked forward to the merger's completion. TMTG CEO Devin Nunes highlighted the commitment to free expression on the internet. Legal counsel and financial advisors were acknowledged for their roles in the merger process.

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