secwatch.observer — SEC 8-K summary
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Issuer:     Trump Media & Technology Group Corp. (DJT)
CIK:        0001849635
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0001140361-24-036636
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849635/000114036124036636/0001140361-24-036636-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849635/000114036124036636/ef20033886_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-036636

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer