Company: DJT
Filing Date: 2025-12-18
Form Type: 425
Source: 0001140361-25-046060
Chunk: 5

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-12-18
Form: 425
Chunk 5
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. The Merger Agreement provides that, during the period from the date of the Merger Agreement until the Effective Time (or earlier termination of the Merger Agreement), each of TMTG and TAE will be subject to certain restrictions on its ability to solicit alternative acquisition proposals from third parties, to provide non-public information to third parties and to engage in discussions with third parties regarding alternative acquisition proposals, subject to customary exceptions. TMTG is required to call a meeting of its stockholders to approve the Stock Issuance and the TMTG Charter Amendment and, subject to certain exceptions, to recommend that its stockholders vote to approve the Stock Issuance and the TMTG Charter Amendment. Termination The Merger Agreement contains termination rights for each of TMTG and TAE, including, among others, if the consummation of the Transactions does not occur on or before December 18, 2026. Upon termination of the Merger Agreement under specified circumstances, TMTG may be required to pay TAE a termination fee of $90 million and, in certain other circumstances, TAE may be required to pay TMTG a termination fee of $90 million. In addition, if the Merger Agreement is terminated under specified circumstances, TMTG or TAE, as applicable, may be required to reimburse the other party for its actual transaction expenses in an amount not to exceed $30 million. The foregoing description is qualified in its entirety by reference to the full text of the Merger Agreement, which is attached as Exhibit 2.1 to this Current Report on Form 8-K. The representations, warranties and covenants contained in the Merger Agreement have been made solely for the benefit of the parties thereto. In addition, such representations, warranties and covenants (i) have been made only for purposes of the Merger Agreement, (ii) have been qualified by (a) matters specifically disclosed in any filings by TMTG with the SEC prior to the date of the Merger Agreement (subject to certain exceptions) and (b) confidential disclosures made in confidential disclosure letters delivered in connection with the Merger Agreement, (iii) are subject to materiality qualifications contained in the Merger Agreement which may differ from what may be viewed as material by investors, (iv) were made only as of the date of the Merger Agreement or such other date as specified in the Merger Agreement and (v) have been included in the Merger Agreement for the purpose of allocating risk between the contracting