Trump Media & Technology Group (NASDAQ:DJT), following its recent merger with Digital World Acquisition Corp., has filed an amended registration statement with the U.S. Securities and Exchange Commission (SEC). The filing, made today, pertains to the registration of shares of common stock and warrants for resale or initial issuance post-business combination completed on March 25, 2024.
The amended statement, which follows an initial registration filed on April 15, 2024, does not change the number of shares Trump Media seeks to register. The company has incorporated a re-audit of its financial statements for 2023 and 2022, performed by independent auditor Semple, Marchal & Cooper LLP, complying with Public Company Accounting Oversight Board standards.
TMTG CEO Devin Nunes expressed gratitude towards the auditors for their role in enabling the filing of the amended statement, which awaits SEC review. The securities being registered are held by existing TMTG security holders, and the company will not gain proceeds from their sale, except from any potential future cash exercise of outstanding warrants.
The individual listing as a selling security holder does not necessarily indicate an intent to sell shares. TMTG's directors, officers, affiliate President Donald J. Trump, and certain other security holders are currently restricted from selling shares due to a lockup period.
The amended registration statement has been filed but is not yet effective, pending further amendments and completion. Until it becomes effective, the registered securities cannot be sold, nor can offers to buy be accepted. Details of the amended registration statement and preliminary prospectus are accessible via the SEC's website.
The press release emphasizes that this does not constitute an offer to sell or a solicitation of an offer to buy the securities in any jurisdiction where such an offer or sale would be unlawful before registration or qualification under the securities laws of that jurisdiction.
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