Company: DJTWW
Filing Date: 2025-11-07
Form Type: 425
Source: 0001140361-25-040971
Chunk: 9

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-11-07
Form: 425
Chunk 9
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 Apple TV, Android TV, Amazon Fire, LG, Samsung, 
 and Roku connected TVs.                                                                                                                                                                           |

| • | The addition of extensive new content, including Britain’s immensely popular TV news broadcaster GB News as well as on-demand content from Great American Family including faith-based 
 programming and family-friendly movies, documentaries, and TV shows.                                                                                                                   |

In addition to the Company’s progress toward its cryptocurrency adoption initiatives and the Truth Social and Truth+ platform enhancements, Truth.Fi financial products—including slates of Separately Managed Accounts and Exchange Traded Funds geared toward non-woke, America-First investors—remain on course to be launched in 2025. Trump Media’s CEO and President Devin Nunes said, “The third quarter was crucial to Trump Media’s expansion plans. Though we only went public last year, we’ve built up our own robust, uncancellable infrastructure, expanded into new sectors, formed extraordinary partnerships, secured our financial future with a massive bitcoin treasury, and expanded our existing platforms. Our financial assets have grown from $274 million in March 2024, when Trump Media went public, to $3.1 billion as of September 30, 2025—incredible progress in just a year and a half. With these financial assets now earning income, alongside our second consecutive quarter of positive operating cash flow, we’re well-poised to act on our mergers and acquisitions strategy by acquiring one or more of the crown jewel assets we’re now evaluating, with an eye toward those that will bring the most long-term value for our shareholders.” Aside from its $3.1 billion in financial assets, Trump Media reported a $54.8 million net loss in the third quarter, including $54.1 million in non-cash losses from changes in the fair value of digital assets, non-cash interest expenses, non-cash stock-based compensation, unrealized losses on trading securities and unexpired option contracts, and depreciation and amortization. The Company’s results continue to be affected by elevated legal expenses—$20.3 million in the third quarter—primarily related to the Company’s 2024 merger with a special purpose acquisition company (“SPAC”). One of the longest SPAC deals in history, the merger resulted in substantial legal costs, including those incurred for attempts to recoup costs for merger-related damages. The Company believes a positive resolution of these litigation matters, which it is working to achieve, could significantly impact its future financial results. Trump Media notched several significant legal victories during the third quarter, including the Delaware Court