---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-036636"
form_type: "8-K"
ticker: "DJT"
cik: "0001849635"
company_name: "Trump Media & Technology Group Corp."
filed_at: "2024-08-09T23:59:59+00:00"
generated_at: "2026-05-31T10:30:41.739418+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Trump Media completes CDN acquisition, reports Q2 net loss of $16.4M on $837K revenue

## Summary
- Closed asset acquisition of CDN technology from WCT/Solutions/JedTec on Aug 9; issued 2.6M shares at close, up to 2.5M milestone shares.
- Q2 GAAP net loss of $16.4M; revenue of $837K; interest income $2.3M; cash and equivalents $344M, zero debt.
- Launched Truth+ TV streaming on iOS, Android, and Web via custom-built CDN; first data center operational.
- Source code purchase price $17.5M payable over 3 years; acquired shares subject to trading volume restrictions (3% ADTV first 6 months, 5% thereafter).

## SEC filing metadata
- accession: 0001140361-24-036636
- form_type: 8-K
- ticker: DJT
- cik: 0001849635
- company_name: Trump Media & Technology Group Corp.
- filed_at: 2024-08-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849635/000114036124036636/0001140361-24-036636-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849635/000114036124036636/ef20033886_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-036636
- JSON: https://secwatch.observer/filing/0001140361-24-036636.json
- Plain text: https://secwatch.observer/filing/0001140361-24-036636.txt

## Key facts
- M&A Transactions
  Trump Media & Technology Group Corp. completed an acquisition involving WorldConnect Technologies, L.L.C., WorldConnect IPTV Solutions, LLC, and JedTec, L.L.C. for up to 5,100,000 shares of its common stock (closed 2024-08-09).
  - Action: acquisition
  - Counterparty: WorldConnect Technologies, L.L.C., WorldConnect IPTV Solutions, LLC, and JedTec, L.L.C.
  - Consideration: up to 5,100,000 shares of its common stock
  - Closing: 2024-08-09
  source text: not have any current intention to exercise those rights. Pursuant to the Asset Acquisition Agreement, the Company agreed to issue to Solutions and JedTec as consideration up to 5,100,000 shares (the “ Shares ”) of its common stock, par value $0.0001 per share (the “ Common Stock ”), 2,600,000 shares of which were issued on the Closing Date and 2,500,000 shares of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849635/000114036124036636/0001140361-24-036636-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.