8-K
filed March 22, 2024, 7:59 PM ET
ticker DJT
CIK 0001849635
other material
confidence high
sentiment positive
materiality 0.85
DWAC shareholders approve merger with Trump Media & Technology Group; trading under DJT soon
Trump Media & Technology Group Corp.
- Business combination approved with 26.6M votes for, 66k against, 51k abstain.
- Only 4,939 of ~30M Class A shares redeemed, limiting cash outflow from trust.
- Combined company to trade on Nasdaq as 'Trump Media & Technology Group Corp.' under tickers DJT and DJTWW.
- Board elected includes Devin Nunes, Linda McMahon, Donald Trump Jr., Kashyap Patel, Robert Lighthizer, Eric Swider, W. Kyle Green.
- Name change to Trump Media & Technology Group Corp. approved by shareholders.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Trump Media & Technology Group Corp. shareholders approved Approve the second amendment and restatement to the Digital World Charter at the 2024-03-22 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-03-22
Exact text from the filing
The stockholders approved the proposal to approve the proposed second amendment and restatement to the Digital World Charter appended to the Proxy Statement as Annex B . The voting results were as follows: FOR AGAINST ABSTAIN 26,513,797 78,749 158,587
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Trump Media & Technology Group Corp. shareholders approved Election of seven directors to serve staggered terms on the Board until their respective successors are elected at the 2024-03-22 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-03-22
Exact text from the filing
The stockholders approved the proposal to approve, by way of ordinary resolution, the election of seven (7) directors who will take office immediately following the Closing, to serve staggered terms on the Board until their respective successors are
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Trump Media & Technology Group Corp. shareholders approved Increase the number of authorized shares of common stock at the 2024-03-22 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-03-22
Exact text from the filing
The stockholders approved the proposal to increase the number of authorized shares of common stock to accommodate any shares to be issued in connection with (i) the Business Combination, (ii) the conversion of securities issued in Post-IPO Financings, (iii) the exercise of any Warrants, (iv) the conversion of TMTG Convertible Notes immediately prior to the Effective Time in connection with the Closing, (v) the Equity Incentive Plan and (vi) any future issuances of shares of Digital World common stock if determined by the Board to be in the best interests of Digital World after the consummation of the Business Combination without incurring the risk, delay, and potential expense incident to obtaining stockholder approval to increase the authorized share capital. The voting results were as follows: Holders of Digital World Class A common stock and Digital World Class B common stock voting together as a single class: FOR AGAINST ABSTAIN 26,289,547 298,129 163,457
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Trump Media & Technology Group Corp. shareholders approved Remove and change certain provisions in the Charter related to Digital World's status as a special purpose acquisition company, including deletion of Article IX at the 2024-03-22 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-03-22
Exact text from the filing
The stockholders approved the proposal to remove and change certain provisions in Digital World's the current amended and restated certificate of incorporation (the " Charter ") related to Digital World's status as a special purpose acquisition company, including but not limited to the deletion of Article IX of the Charter in its entirety. The voting results were as follows: FOR AGAINST ABSTAIN 26,504,824 86,553 159,756
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Trump Media & Technology Group Corp. shareholders approved Approve and adopt the Merger Agreement and approve the Business Combination, including the merger of Merger Sub with and into TMTG at the 2024-03-22 meeting.
- Proposal
- merger approval
- Outcome
- passed
- Meeting
- 2024-03-22
Exact text from the filing
The stockholders approved the proposal to approve and adopt the Merger Agreement and approve the Business Combination, including the merger of Merger Sub with and into TMTG, with TMTG continuing as the surviving corporation and as a wholly owned subsidiary of Digital World (after giving effect to the consummation of the Business Combination, " New Digital World "). The voting results were as follows: FOR AGAINST ABSTAIN 26,633,233 66,010 51,890
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Trump Media & Technology Group Corp. shareholders approved Provide for the structure of the board of directors after the Closing, split into three classes with staggered terms, and limit director removal to cause only; initial board size of seven at the 2024-03-22 meeting.
- Outcome
- passed
- Meeting
- 2024-03-22
Exact text from the filing
The stockholders approved the proposal to provide for the structure of the board of directors (the " Board ") after the closing of the Business Combination (the " Closing "), split into three classes of as even size as practicable, Class I, II, and III, each to serve a term of three (3) years, except for the initial term, for which the Class I directors will be up for reelection at the first annual meeting of stockholders occurring after the Closing, and for which the Class II directors will be up for reelection at the second annual meeting of stockholders occurring after the Closing, and for which the Class III directors will be up for reelection at the third annual meeting of stockholders occurring after the Closing. Directors will not be able to be removed during their term except for cause. The size of the Board shall be determined by resolution of the Board but will initially be seven (7). The voting results were as follows: FOR AGAINST ABSTAIN 26,318,118 320,643 112,372
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Trump Media & Technology Group Corp. shareholders approved Change the name of Digital World to "Trump Media & Technology Group Corp." at the 2024-03-22 meeting.
- Outcome
- passed
- Meeting
- 2024-03-22
Exact text from the filing
The stockholders approved the proposal to provide that the name of Digital World shall be changed to "Trump Media & Technology Group Corp." The voting results were as follows: FOR AGAINST ABSTAIN 26,566,723 99,982 84,428
View on SEC.gov
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