Company: DJTWW
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001140361-25-004822
Chunk: 94

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 1
Chunk 94
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 directors may only be removed from the TMTG Board for cause;

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                      a prohibition on stockholder action by written consent, which forces stockholder action to be taken at an annual or special meeting of stockholders and could delay the
                        ability of stockholders to force consideration of a stockholder proposal or to take action, including the removal of directors;

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                      the limitation that stockholders may not call a special meeting, of stockholders which could limit the ability of stockholders to force consideration of a proposal or
                        to take action, including the removal of directors;

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                      the procedures for the conduct and scheduling of TMTG Board and stockholder meetings;

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                      the requirement for the affirmative vote of holders of at least a majority of the voting power of all of the then-outstanding shares of the voting stock, voting
                        together as a single class, to amend, alter, change or repeal any provision of the Amended Charter, which could preclude stockholders from bringing matters before annual or special meetings of stockholders and delay changes in the
                        TMTG Board and also may inhibit the ability of an acquirer to effect such amendments to facilitate an unsolicited takeover attempt;

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                      the ability of the TMTG Board to amend the Bylaws, which may allow the TMTG Board to take additional actions to prevent an unsolicited takeover and inhibit the ability
                        of an acquirer to amend the Bylaws to facilitate an unsolicited takeover attempt; and

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                      advance notice procedures with which stockholders must comply to nominate candidates to the TMTG Board or to propose matters to be acted upon at a stockholders’
                        meeting, which could preclude stockholders from bringing matters before annual or special meetings of stockholders and delay changes in the TMTG Board and also may discourage or deter a potential acquirer from conducting a
                        solicitation of proxies to elect the acquirer’s own slate of directors or otherwise attempting to obtain control of TMTG.

            These provisions, alone or together, could delay or prevent hostile takeovers and changes in control or changes in the Management Team.

            Furthermore,
              under the Amended Charter, TMTG expressly opted out of certain statutory “anti-takeover” provisions under the provisions of Section 203 of the DGCL, an anti-takeover law. In general, Section 203 of the DGCL which may prohibit certain business
              combinations with stockholders owning 15%