Company: DJTWW
Filing Date: 2025-08-26
Form Type: 425
Source: 0001140361-25-032764
Chunk: 5

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-08-26
Form: 425
Chunk 5
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 right, title and interest in and to the Asset Company Interests, free and clear of all Liens, in consideration of 10,000,000 shares of SPAC Class A Common Stock and 
 a Forced Exercise Warrant, exercisable for 10,000,000 shares of SPAC Class A Common Stock.                                                                                                                                                 |

| (c) | Additionally, in exchange for such Asset Company Interests, the SPAC will issue three Earnout Warrants to TMTG, each exercisable for a number of shares of SPAC Class A Common Stock equal to 7% of the SPAC’s outstanding capital stock at 
 the time of the Closing, rounded to the nearest whole number. Each Earnout Warrant will be exercisable within 30 days of the occurrence of the applicable triggering event as described in the Earnout Warrants, as follows:                |

| a. | The first Earnout Warrant will be exercisable upon the occurrence of Triggering Event I. |

| b. | The second Earnout Warrant will be exercisable upon the occurrence of Triggering Event II. |

| c. | The third Earnout Warrant will be exercisable upon the occurrence of Triggering Event III. |

| (d) | The SPAC will issue to the Sponsor a Forced Exercise Warrant exercisable (on or after the Closing Date) for 2,000,000 shares of SPAC Class A Common Stock. |

The Forced Exercise Warrants will be subject to forced exercise in the event that the SPAC Class A Common Stock trades at or above $20.00 per share for at least one trading day before the third anniversary of the Closing Date, as more fully set forth therein (the “ Forced Exercise Warrant Condition”); provided that, if the Forced Exercise Warrant Condition occurs before the Closing Date, each of Crypto.com’s, TMTG’s and the Sponsor’s respective cash-in amounts will be due on the Closing Date, as more fully set forth therein. “ Triggering Event I” means the first date before the fifth anniversary of the Closing Date on which the trading price of the SPAC Class A Common Stock closes at or above $11.00 per share on any trading day. “ Triggering Event II” means the first date before the fifth anniversary of the Closing Date on which the trading price of the SPAC Class A Common Stock closes at or above $20.00 per share on any trading day. “ Triggering Event III” means the first date before the fifth anniversary