Company: DJTWW
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001140361-25-004822
Chunk: 99

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 1
Chunk 99
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 stock and therefore TMTG is a “controlled company” within the meaning of applicable rules of Nasdaq. Under these rules, a company of which more than 50% of the voting power for the election of directors is held by an individual, group or
                another company is a “controlled company” and may elect not to comply with certain corporate governance requirements, including the requirements:

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                      that a majority of the board consists of independent directors;

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                      for an annual performance evaluation of the nominating and corporate governance and compensation committees;

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                      that the controlled company has a nominating and corporate governance committee that is composed entirely of independent directors with a written charter addressing the
                        committee’s purpose and responsibilities; and

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                      that the controlled company has a compensation committee that is composed entirely of independent directors with a written charter addressing the committee’s purpose
                        and responsibility.

            TMTG intends to rely on these exemptions going forward. As a result, TMTG’s stockholders will not have the same protections afforded to
              stockholders of companies that are subject to all of Nasdaq’s corporate governance requirements.

            Market Risks

            The market prices of TMTG’s Common Stock and Public Warrants have been and may continue to be extremely volatile,
              which could cause purchasers of TMTG’s securities to incur substantial losses.

              The market prices and trading volume of TMTG’s Common Stock have recently experienced, and may continue to experience,
                extreme volatility, which could cause purchasers of TMTG’s Common Stock and Public Warrants to incur substantial losses. Since the closing of the Business Combination through February 12, 2025, TMTG’s Common Stock has traded as low as
                $11.75 and as high as $79.38.

            TMTG believes that the recent volatility and TMTG’s current market prices reflect market and trading dynamics unrelated to TMTG’s
              underlying business, or macro or industry fundamentals, and TMTG does not know how long these dynamics will last. Under the circumstances, investors in TMTG’s Common Stock and Public Warrants are subject to the risk of losing all or a
              substantial portion of their investment.

            Broad market and industry factors may materially harm the market price of TMTG’s securities irrespective of TMTG’s operating performance.
              The stock market in general and Nasdaq specifically, have experienced extreme volatility that has often been unrelated to the operating performance of particular companies