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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Title of Each Class
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Trading
Symbol(s)
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Name of Each Exchange
on Which Registered
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Item 2.02
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Results of Operations and Financial Condition.
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Item 9.01
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Financial Statements and Exhibits.
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(d)
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Exhibits. The following exhibits are filed with this Form 8-K:
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Exhibit
No.
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Description of Exhibits
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Press Release for Quarter Ended March 31, 2024, dated May 20, 2024.
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document).
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Trump Media & Technology Group Corp.
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Dated: May 20, 2024
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By:
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/s/ Scott Glabe
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Name:
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Scott Glabe
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Title:
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General Counsel
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•
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On April 16, 2024, the Company announced that after six months of testing on its Web and iOS platforms, it has finished the research and development
phase of its new live TV streaming platform and will begin scaling up its own content delivery network ("CDN"). This roll out of streaming content will occur in three phases:
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o
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Phase 1: Introduce Truth Social's CDN for streaming live TV to the Truth Social app for Android, iOS, and Web.
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o
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Phase 2: Release stand-alone Truth Social over-the-top ("OTT") streaming apps for phones, tablets, and other devices.
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o
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Phase 3: Release Truth Social streaming apps for home TV.
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•
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In recent weeks, as part of its TV streaming initiative, TMTG signed contracts with its first data center partner to host its own
TV content distribution network. The Company also signed contracts with a core hardware vendor to obtain equipment for the project.
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Three Months Ended
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March 31,
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2024
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2023
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(in thousands)
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|||||||
Adjusted EBITDA:
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|||||||
Net income
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$
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(327,599.7)
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$
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(210.3)
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Depreciation
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5.6
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16.5
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Stock based compensation expense1
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84,588.0
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-
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Interest expense, net
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2,788.8
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2,024.3
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Merger related expenses
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1,640.2
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202.1
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Change in fair value of derivative liabilities2
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225,916.0
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(5,659.9)
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Loss on extinguishment of debt
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542.3
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-
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Adjusted EBITDA3
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$
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(12,118.8)4
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$
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(3,627.3)
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