Company: DJTWW
Filing Date: 2025-02-21
Form Type: PRE 14A
Source: 0001140361-25-005487
Chunk: 56

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-02-21
Form: PRE 14A
Chunk 56
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 or the transaction which resulted in the stockholder becoming an interested stockholder; (ii) upon consummation of the transaction resulting in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the outstanding voting stock of the corporation, where the total number of shares outstanding is calculated when the transaction commenced (excluding certain shares owned by officers or directors or under employee stock plans); or (iii) at or after the time the business combination is approved by the board of directors, it is also approved at an annual or special meeting (not by written consent) by stockholders holding at least 66 2/3% of the outstanding voting stock of the corporation (not including stock held by the interested stockholder). A |     |                                                  6. |     | Restrictions on Transactions with Interested Shareholders. The FBCA provides that an “affiliated transaction” (as defined in the FBCA) with an “interested shareholder” (as defined in the FBCA) during the three years after the shareholder becomes an interested shareholder must generally be approved by the affirmative vote of the holders of two-thirds of the voting shares, other than the shares owned by the interested shareholder, unless one of the following conditions is met: (i) the transaction has been approved by a majority of the corporation’s disinterested directors (as defined in the statute); (ii) the interested shareholder has been the beneficial owner of at least 80% of the corporation’s outstanding voting shares for at least three years preceding the transaction; (iii) the interested shareholder is the beneficial owner of at least 90% of the outstanding voting shares; (iv) the corporation has not had more than 300 shareholders of record at any time during the preceding three years; or (v) certain fair price and procedural requirements are satisfied. A corporation may opt-out of the statute by stating in its articles of incorporation that it elects not to be governed by the applicable statute. 
 The Florida Charter contains a provision that expressly opts out of the protections described above.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

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TABLE OF CONTENTS

| Provisions Applicable Prior to the Reincorporation |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |     | Provisions Applicable Following the Reincorporation |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                                                    |     | corporation may opt-out of the statute by stating in its certificate of incorporation that it elects not to be governed by the applicable statute.