---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-077711"
form_type: "8-K"
ticker: "DJT"
cik: "0001849635"
company_name: "Trump Media & Technology Group Corp."
filed_at: "2024-03-26T23:59:59+00:00"
generated_at: "2026-06-04T08:03:07.762564+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Digital World deposits 4.67M TMTG shares into escrow to resolve conversion ratio dispute

## Summary
- DWAC deposited 3,579,480 TMTG shares for ARC and 1,087,552 for other Class B holders.
- Escrow agreements executed March 21, 2024 with Odyssey Transfer and Trust Company.
- Dispute over Class B conversion ratio (applied 1.348:1 vs. ARC's claim of 2.00).
- Shares release depends on court order or written instruction; business combination completed.
- Funds pending final resolution of ARC Global Investments II lawsuit in Delaware Chancery Court.

## SEC filing metadata
- accession: 0001193125-24-077711
- form_type: 8-K
- ticker: DJT
- cik: 0001849635
- company_name: Trump Media & Technology Group Corp.
- filed_at: 2024-03-26T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849635/000119312524077711/0001193125-24-077711-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849635/000119312524077711/d715908d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-077711
- JSON: https://secwatch.observer/filing/0001193125-24-077711.json
- Plain text: https://secwatch.observer/filing/0001193125-24-077711.txt

## Key facts
- Material Agreements
  Trump Media & Technology Group Corp. entered into Disputed Shares Escrow Agreements with Odyssey Transfer and Trust Company valued at 3,579,480 shares of TMTG Common Stock (ARC); 1,087,552 shares of TMTG Common Stock (Non-ARC Class B) (effective 2024-03-21).
  - Action: entry
  - Counterparty: Odyssey Transfer and Trust Company
  - Value: 3,579,480 shares of TMTG Common Stock (ARC); 1,087,552 shares of TMTG Common Stock (Non-ARC Class B)
  - Effective: 2024-03-21
  source text: on March 21, 2024, Digital World entered into two escrow agreements with Odyssey Transfer and Trust Company, a Minnesota corporation, as escrow agent (the “ Escrow Agent ”), as follows: (i) an escrow agreement for the benefit of ARC (the “ ARC Escrow Agreement ”), pursuant to which TMTG deposited into escrow 3,579,480 shares of TMTG Common Stock, and (ii) an escrow agreement for the benefit of the holders of Digital World Class B Common Stock other than the Sponsor (the “ Non-ARC Class B Shareholders Escrow Agreement, ” and together with the ARC Escrow Agreement, the “ Disputed Shares Escrow Agreements ”), pursuant to which TMTG deposited into escrow 1,087,552 shares of TMTG Common Stock, which amounts represent the difference between the actual conversion ratio, determined by Digital World’s board of directors upon closing of the Business Combination (which was determined to be 1.348:1), and a conversion ratio of 2.00.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849635/000119312524077711/0001193125-24-077711-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.