secwatch.observer — SEC 8-K summary
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Issuer:     Trump Media & Technology Group Corp. (DJT)
CIK:        0001849635
Form:       8-K
Filed at:   2023-08-31T23:59:59+00:00
Accession:  0001193125-23-226356
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DWAC moves trust proceeds to interest-bearing deposit account earning 4.50% per annum
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- Amended Trust Agreement on Aug 25, 2023 to allow trust proceeds in interest-bearing deposit accounts.
- Instructed Continental to liquidate trust investments and move cash to such account.
- Interest earned on trust cash is approximately 4.50% per annum as of filing date.
- Previously funds were held in U.S. government securities or money market funds per Trust Agreement.
- Change may enhance trust value pending completion of business combination with Trump Media.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849635/000119312523226356/0001193125-23-226356-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849635/000119312523226356/d449699d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-226356

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