MIAMI, FL - Trump Media & Technology Group Corp. (TMTG), in partnership with Digital World Acquisition Corp., has announced the completion of their business combination. Starting Tuesday, TMTG's common stock and public warrants are expected to trade on the Nasdaq Stock Market under the ticker symbols "DJT" and "DJTWW," respectively.
The merger marks the transition of Digital World into TMTG, which will continue to be spearheaded by CEO Devin G. Nunes and the existing management team. The leadership expressed optimism about the future, with new TMTG Director Eric Swider highlighting the potential for innovation and growth in the media and technology sectors.
TMTG's CEO Devin Nunes reaffirmed their commitment to providing a platform for free expression, positioning the company as a counter to what they describe as "Big Tech censors."
The legal advisors for the 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 placement agent for Digital World.
TMTG operates Truth Social, a social media platform that promotes itself as a refuge for free speech in response to the censorship from larger tech companies. The company's mission is to offer an alternative to the current internet landscape dominated by these corporations.
The press release also contains forward-looking statements regarding TMTG's expectations for future performance and the potential impact of the business combination. However, these statements are subject to various risks and uncertainties that could affect actual future events.
This news is based on a press release statement and includes no offer or solicitation of securities. It is intended for informational purposes only and does not represent an endorsement of TMTG's claims.
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