Company: DJTWW
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001140361-25-028418
Chunk: 363

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part II, Item 8
Chunk 363
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 sold short. A short squeeze makes it more likely that we will need to replace the borrowed security at an unfavorable price.
       
      Investments in equity securities are subject to variation in their prices.
       
      The prices of equity securities we have invested in may fall over short or long periods of time. In addition, common equity represents a share of ownership of
        a company, and rank junior to debt and preferred equity in their claim on the Company’s assets in the event of bankruptcy.
       
      We may use leverage in our investment program, resulting in a greater risk of loss.
       
      We may use leverage in our investment program, including the use of borrowed funds and investments in certain types of options, such as puts, calls and
        warrants, which may be purchased for a fraction of the price of the underlying securities. While such strategies and techniques increase the opportunity to achieve higher returns on the amounts invested, they also increase the risk of loss. To the
        extent we purchase securities with borrowed funds, our net assets will tend to increase or decrease at a greater rate than if borrowed funds are not used. If the interest expense on borrowings were to exceed the net return on the portfolio
        securities purchased with borrowed funds, our use of leverage would result in a lower rate of return than if we were not leveraged.

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      Investments in securities of other companies or issuers, including debt and equity instruments such as bonds, preferred
        or common shares, or convertible instruments, could cause us to incur losses or other expenses which could adversely affect our financial position, results of operations, and cash flows.
       
      We currently own and may own in the future, investments in securities of companies or issuers including debt and equity instruments, which may include bonds,
        preferred or common shares, or convertible instruments. Certain of these investments may be traded on an exchange or other active market while other investments may not be actively traded and without a readily observable market price. With respect
        to investments traded on an exchange or other active market, the price of the underlying instrument may be quoted such that the market value of the instrument varies during a given trading day, or the price may be quoted less frequently. Adverse
        fluctuations in the value of these investments, whether market-generated or not, may be reflected as unrealized losses on our balance sheet depending on the type of investment and our accounting methodologies. We may choose to or be required to
        liquidate these investments in whole or in part and