{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-008874","form_type":"8-K","ticker":"DJT","cik":"0001849635","company_name":"Trump Media & Technology Group Corp.","filed_at":"2024-01-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.998500+00:00","generated_at":"2026-06-06T22:43:06.987598+00:00","sec_items":["1.02","7.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"DWAC terminates $530.5M PIPE agreement; exploring up to $50M in alternative financing","bullets":["Terminated SPAs with PIPE investors, cancelling $530.5M remaining commitment due to unmet SEC registration condition.","PIPE investors refused to waive the effective registration condition, triggering the SPA termination.","Exploring alternative financing: up to $50M convertible notes (8% interest, conversion at $8/share plus warrants) or warrant subscriptions.","42% of remaining PIPE investors interested in convert option, 58% in warrant option; definitive documents still under negotiation.","If convertible notes proceed, DWAC expects $10M immediate draw and $40M at business combination close."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-008874","json":"https://secwatch.observer/filing/0001193125-24-008874.json","markdown":"https://secwatch.observer/filing/0001193125-24-008874.md","text":"https://secwatch.observer/filing/0001193125-24-008874.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1849635/000119312524008874/0001193125-24-008874-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1849635/000119312524008874/d870757d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T22:43:06.987598+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3372a74e81daee0e09ac23d958cc779807b2d571","claim":"Trump Media & Technology Group Corp. terminated SPAs with certain institutional investors valued at $530,500,000 (effective 2024-01-10).","evidence_excerpt":"on January 10, 2024, the agreement was terminated in full resulting in the cancellation of the remaining subscription amount of $530,500,000 (the \" Remaining Amount \").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1849635/000119312524008874/0001193125-24-008874-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"certain institutional investors"},{"label":"Value","value":"$530,500,000"},{"label":"Effective","value":"2024-01-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}