Trump Media & Technology Group Corp. (DJT): debt financing — DWAC issues up to $900K in convertible notes to fund business combination costs

Trump Media & Technology Group Corp.

Issued four promissory notes totaling up to $900k to accredited investors on Nov 6-19, 2023.
Notes bear no interest, repayable upon consummation of business combination or winding up.
Principal may be converted into units (common + half warrant) at $8.00 per unit, subject to approvals.
Proceeds used to pay costs related to completing initial business combination.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Trump Media & Technology Group Corp. incurred loan of up to $900,000 with certain accredited investors at no interest maturing upon the earlier of (i) the date on which the Company consummates its Business Combination and (ii) the date that the winding up of the Company is effective.

Instrument: loan
Principal: up to $900,000
Counterparty: certain accredited investors
Rate: no interest
Maturity: upon the earlier of (i) the date on which the Company consummates its Business Combination and (ii) the date that the winding up of the Company is effective
Event: incurrence

Exact text from the filing

Digital World Acquisition Corp., a Delaware corporation (the “ Company ”) issued promissory notes (the “ Notes ” and each a “ Note ”) to certain accredited investors (the “ Holders ”) for a total aggregate principal amount of up to $900,000

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

Trump Media & Technology Group Corp. entered into Promissory Notes with Certain accredited investors valued at Up to $900,000 aggregate principal amount (effective 2023-11-06).

Action: entry
Agreement: notes offering
Counterparty: Certain accredited investors
Value: Up to $900,000 aggregate principal amount
Effective: 2023-11-06

Exact text from the filing

Digital World Acquisition Corp., a Delaware corporation (the “ Company ”) issued promissory notes (the “ Notes ” and each a “ Note ”) to certain accredited investors (the “ Holders ”) for a total aggregate principal amount of up to $900,000, as set forth below: • On November 6, 2023, the Company issued a Note in the aggregate principal amount of up to $50,000.00. • On November 10, 2023, the Company issued a Note in the aggregate principal amount of up to $300,000.00. • On November 14, 2023, the Company issued a Note in the aggregate principal amount of up to $250,000.00. • On November 19, 2023, the Company issued a Note in the aggregate principal amount of up to $300,000.00.

View on SEC.gov

10 debt financings filed in the last 30 days. Browse all debt financings →

Trump Media & Technology Group Corp. filing history →

Source: SEC EDGAR

accession 0001193125-23-281133

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.