Company: DJTWW
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001140361-25-004822
Chunk: 107

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 1
Chunk 107
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 to hold your warrants; or (iii) accept the nominal Redemption price which, at the time the
              outstanding Public Warrants are called for Redemption, is likely to be substantially less than the market value of its Public Warrants.

            The exercise price of the TMTG warrants may in the future be higher than the value of TMTG’s common stock and TMTG may
              not receive further cash proceeds from the exercise of the warrants.

            The exercise price of the TMTG warrants may be higher than the prevailing market price of the underlying shares of common stock. The
              exercise price of the warrants is subject to market conditions and may not be advantageous if the prevailing market price of the underlying shares of common stock is lower than the exercise price. The cash proceeds associated with the
              exercise of warrants to purchase TMTG common stock are contingent upon TMTG’s stock price. The value of TMTG’s common stock will fluctuate and may not align with the exercise price of the warrants at any given time. If the warrants are “out
              of the money,” meaning the exercise price is higher than the market price of TMTG’s common stock, there is a high likelihood that warrantholders may choose not to exercise their Warrants. As a result, TMTG may not receive further proceeds
              from the exercise of the warrants.

              58

            There can be no assurance that TMTG will continue to be able to comply with the continued listing standards of Nasdaq.

            TMTG’s continued eligibility to maintain the listing of its securities on Nasdaq depends on a number of factors, including the price and
              the number of persons that hold TMTG’s securities. If Nasdaq delists TMTG’s securities from trading on its exchange for failure to meet its listing standards, and TMTG is not able to list such securities on another national securities
              exchange, then TMTG’s securities could be quoted on an over-the-counter market. If this were to occur, TMTG and its securityholders could face significant material adverse consequences, including:

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                      a limited availability of market quotations for its securities;

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                      reduced liquidity for its securities;

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                      a determination that TMTG’s Common Stock is a “penny stock” which will require brokers trading in the common stock to adhere to more stringent rules and possibly result
                        in a reduced level of trading activity in the secondary trading market for shares of