Company: DJTWW
Filing Date: 2025-03-18
Form Type: 424B3
Source: 0001140361-25-009265
Chunk: 43

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-03-18
Form: 424B3
Chunk 43
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 for their shares of TMTG Sub's common stock in connection with the Business Combination (subject to certain exclusions). The Delaware Charter (as defined below) restricted holders from selling or transferring any of (i) their shares of TMTG common stock held immediately following the Closing and (ii) any of their shares of TMTG common stock that resulted from converting securities held immediately following the Closing, if any. Such restrictions began at Closing and ended on September 25, 2024. Indemnification Agreements On March 25, 2024, TMTG entered into indemnification agreements with each of its directors and executive officers. Each indemnification agreement provides for the indemnification and advancement by TMTG of certain expenses and costs relating to claims, suits or proceedings arising from service to TMTG or, at its request, service to other entities, as officers or directors, to the maximum extent permitted by applicable law. Consulting Agreements In August 2021, TMTG Sub entered into a Consulting Services Agreement with Hudson Digital, LLC (“ Hudson Digital”). Pursuant to the agreement, which (as amended) expired December 31, 2024, Hudson Digital provided consulting services to TMTG. Hudson Digital also received a promissory note from TMTG in the principal amount of $4.0 million, which converted into common shares immediately before the Closing, and a $600,000 retention bonus following the Closing. During the years ended December 31, 2024, 2023 and 2022, we paid $840,000, $240,000 and $240,000, respectively, to Hudson Digital. As of December 31, 2024 and December 31, 2023, TMTG had no outstanding payable balances to Hudson Digital. Hudson Digital is owned by Daniel Scavino, who served as a director of TMTG Sub from February 16, 2023 until March 25, 2024. Mr. Scavino has not served as an officer or director of TMTG. On June 13, 2022, TMTG Sub entered into a Consulting Services Agreement with Trishul, LLC (“ Trishul”). Pursuant to such agreement and subsequent performance by the parties thereto, Trishul provided consulting services 30 TABLE OF CONTENTS to Digital World until the consulting relationship was terminated by TMTG Sub upon the Closing of the Business Combination. During the years ended December 31, 2024