Digital World Acquisition Corp. Announces Approval for Merger with Trump Media & Technology Group

On March 22, 2024, Digital World Acquisition Corp., based in Miami, FL, confirmed that its shareholders have endorsed the planned merger with Trump Media & Technology Group Corp. (TMTG). This approval moves forward the business combination under the detailed merger agreement initially set on October 20, 2021. This significant step was announced after a shareholder meeting where the merger received overwhelming support.

Following this business combination, TMTG will become a subsidiary of the Digital World Acquisition Corp., retaining the Trump Media & Technology Group Corp. name. The anticipated result is the commencement of trading TMTG's common stock on the Nasdaq under the ticker symbols "DJT" and "DJTWW."

Eric Swider, CEO of Digital World, expressed gratitude for the shareholder's support, viewing it as a vote of confidence in the merger's envisioned path. TMTG CEO Devin Nunes highlighted the merger as a movement towards defending free expression on the Internet, aiming to expand Truth Social and establish a platform free from what they perceive as Big Tech's censorship.

The merger had support from Paul Hastings LLP and Nelson Mullins Riley & Scarborough LLP as legal counsel to Digital World and TMTG, respectively, with EF Hutton, LLC acting as the exclusive placement agent. The merger is expected to enhance shareholder value and provide a public platform for TMTG's growth strategies.