Trump Media & Technology Group Corp. Files 10-K/A Amendment

TL;DR

<b>Trump Media & Technology Group Corp. has filed an amended 10-K for FY2023, detailing its financial structure and historical corporate events.</b>

AI Summary

Trump Media & Technology Group Corp. (DJTWW) filed a Amended Annual Report (10-K/A) with the SEC on April 3, 2024. Trump Media & Technology Group Corp. filed an amended 10-K for the fiscal year ending December 31, 2023. The company was formerly known as Digital World Acquisition Corp. and changed its name on March 5, 2021. The filing includes data related to common stock, Class A and Class B shares, and additional paid-in capital for fiscal years 2021, 2022, and 2023. Key dates mentioned include the IPO on September 8, 2021, and a Series A Convertible Preferred Stock private placement on December 4, 2021. The company's business address is 401 N. Cattlemen Rd., Ste. 200, Sarasota, FL 34232.

Why It Matters

For investors and stakeholders tracking Trump Media & Technology Group Corp., this filing contains several important signals. This amended filing provides updated financial information and corporate structure details for the fiscal year 2023, which is crucial for investors to assess the company's current standing. The inclusion of historical data from 2021 and 2022, alongside 2023 figures, allows for a comparative analysis of the company's financial evolution and the impact of significant events like its IPO and private placements.

Risk Assessment

Risk Level: medium — Trump Media & Technology Group Corp. shows moderate risk based on this filing. The company's financial disclosures are complex and involve various share classes and historical transactions, requiring careful analysis to understand its true financial health and valuation.

Analyst Insight

Investors should carefully review the detailed share structure and historical financial data in this 10-K/A to understand the company's capitalization and past performance.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-04-03 — Filing Date (Date of submission)
• 2021-03-05 — Name Change Date (Former company name was Digital World Acquisition Corp.)
• 2021-09-08 — IPO Date (Initial Public Offering)
• 2021-12-04 — Series A Convertible Preferred Stock Private Placement (Date of security purchase agreement)

Key Players & Entities

• Trump Media & Technology Group Corp. (company) — Filer name
• Digital World Acquisition Corp. (company) — Former company name
• 2023-12-31 (date) — Fiscal year end
• 2024-04-03 (date) — Filing date
• 401 N. Cattlemen Rd., Ste. 200, Sarasota, FL 34232 (address) — Business address
• 0001849635 (company) — Central Index Key
• 2021-09-08 (date) — IPO date
• 2021-12-04 (date) — Series A Convertible Preferred Stock private placement date

FAQ

Risk Factors

• Complex Share Structure [high — financial]: The company has multiple classes of common stock, including those subject to redemption and those not, as well as preferred stock, which complicates financial reporting and analysis.
• Historical Financial Data [medium — financial]: The filing includes detailed financial data for 2021, 2022, and 2023, reflecting significant corporate events like IPO and private placements, which require careful interpretation.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K/A filing.

Key Financial Figures

• $0.0001 — h registered: Common Stock, par value $0.0001 per share DJT The Nasdaq Stock Mark
• $11.50 — sable for one share of Common Stock for $11.50 per share DJTWW The Nasdaq Stock Ma

Filing Documents

• ef20025735_10ka.htm (10-K/A) — 846KB
• ef20025735_ex4-4.htm (EX-4.4) — 50KB
• ef20025735_ex31-1.htm (EX-31.1) — 13KB
• ef20025735_ex31-2.htm (EX-31.2) — 13KB
• ef20025735_ex32-1.htm (EX-32.1) — 5KB
• ef20025735_ex32-2.htm (EX-32.2) — 5KB
• ef20025735_ex97.htm (EX-97) — 36KB
• 0001140361-24-017385.txt (&nbsp;) — 5577KB
• djt-20231231.xsd (EX-101.SCH) — 59KB
• djt-20231231_cal.xml (EX-101.CAL) — 37KB
• djt-20231231_def.xml (EX-101.DEF) — 311KB
• djt-20231231_lab.xml (EX-101.LAB) — 670KB
• djt-20231231_pre.xml (EX-101.PRE) — 383KB
• ef20025735_10ka_htm.xml (XML) — 596KB

Notes to Financial Statements

Notes to Financial Statements F-6 Table of Contents REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Stockholders of Digital World Acquisition Corp. Opinion on the Financial Statements We have audited the accompanying balance sheets of Digital World Acquisition Corp. (the Company) as of December 31, 2023, and 2022, and the related financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2023, and 2022, and the results of its operations and its cash flows for each of the years in the two-year period ended December 31, 2023, in conformity with accounting principles generally accepted in the United States of America. Substantial Doubt about the Company's Ability to Continue as a Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, it is uncertain that the Company will consummate a business merger in the allotted time. If a business merger is not consummate but the specified date, there will be a mandatory liquidation and subsequent dissolution of the Company. Additionally, the Company has incurred and expects to incur significant cost in pursuit of its acquisition plans. These factors raise a substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. Basis for Opinion These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial

NOTES TO FINANCIAL STATEMENTS

NOTES TO FINANCIAL STATEMENTS NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS AND GOING CONCERN Digital World Acquisition Corp. (the "Company") is a blank check company incorporated in the State of Delaware on December 11, 2020. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses or entities ("Business Combination"). Although the Company is not limited to a particular industry or geographic region for purposes of consummating a Business Combination, the Company intends to focus on middle-market emerging growth technology-focused companies in the Americas, in the SaaS and Technology or Fintech and Financial Services sector. As of December 31, 2023, the Company had not yet commenced operations. All activity through December 31, 2023 relates to the Company's formation, the initial public offering ("Initial Public Offering"), which is described below and the search for targets for its initial Business Combination. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company generates non-operating income in the form of interest income on cash and cash equivalents from the proceeds derived from the Initial Public Offering and the concurrent Private Placement (as defined below). The Company has selected December 31 as its fiscal year end. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies. The registration statement for the Company's Initial Public Offering was declared effective on September 2, 2021 (the "Registration Statement"). On September 8, 2021, the Company consummated the Initial Public Offering of 28,750,000 units (the "Units" and, with respect to the shares of Class A common stock included in

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View this 10-K/A filing on SEC EDGAR