Company: DJT
Filing Date: 2025-12-18
Form Type: 425
Source: 0001140361-25-046060
Chunk: 2

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-12-18
Form: 425
Chunk 2
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’s fully diluted equity shares (as described in the Merger Agreement) divided by (ii) TAE’s fully diluted equity shares (as described in the Merger Agreement) (the “ Per Share Merger Consideration”). Upon consummation of the Merger, TMTG expects that its pre-Merger shareholders will own approximately 50% of the combined company and pre-Merger shareholders of TAE will own approximately 50% of the combined company, in each case on a fully diluted equity basis. Treatment of TAE Equity Awards At the Effective Time (i) each option to purchase shares of TAE Common Stock granted under the TAE Technologies, Inc. Amended and Restated 2002 Stock Option Plan, as amended from time to time (the “ TAE Plan”) outstanding and unexercised immediately prior to the Effective Time, whether vested or unvested, will automatically be assumed by TMTG and converted into an option to acquire a number of TMTG Shares determined by multiplying the number of shares of TAE Common Stock subject to the corresponding option by the Per Share Merger Consideration at an adjusted exercise price per share determined by dividing the per share exercise price for the shares of TAE Common Stock subject to such option, as in effect immediately prior to the Effective Time, by the Per Share Merger Consideration (the “ Rollover Options”), (ii) each restricted stock unit award with respect to TAE Common Stock outstanding immediately prior to the Effective Time, whether or not vested, will automatically be assumed by TMTG and converted into a restricted stock unit award representing the right to receive a number of TMTG Shares determined by multiplying the number of shares of TAE Common Stock subject to the corresponding restricted stock unit award by the Per Share Merger Consideration (the “ Rollover RSUs”), (iii) each restricted share of TAE Common Stock converted to TMTG Shares will be subject to the same terms and conditions applicable to such restricted share immediately prior to the Effective Time (the “ Rollover Restricted Shares”) and (iv) each non-compensatory warrant that is convertible or exercisable into TAE Common Stock, if any, that is outstanding immediately prior to the Effective Time that is not scheduled to expire at the Effective Time pursuant to its terms, and each compensatory warrant that is convertible or exercisable into TAE Common Stock that is outstanding and unexercised immediately prior to the Effective Time, will automatically be converted into a warrant to acquire a