Company: DJT
Filing Date: 2025-12-18
Form Type: 425
Source: 0001140361-25-046060
Chunk: 3

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-12-18
Form: 425
Chunk 3
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 number of TMTG Shares determined by multiplying the number of shares of TAE Common Stock subject to the corresponding warrant 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 warrant, as in effect immediately prior to the Effective Time, by the Per Share Merger Consideration (the “ Rollover Warrants” and, together with the Rollover Options, Rollover RSUs and Rollover Restricted Shares, the “ Rollover Awards,” and the assumption of the Rollover Awards, the “ Assumption”). Following the Assumption, the Rollover Awards will remain generally subject to the same terms and conditions as were applicable to the Rollover Awards immediately prior to the Effective Time, including vesting and exercisability conditions, as applicable, immediately prior to the Effective Time, except to the extent such terms or conditions are rendered inoperative by the Merger or such other immaterial administrative or ministerial changes as the parties may determine are appropriate to effectuate the administration of the Rollover Awards. Post-Closing Governance TMTG and TAE have agreed to certain governance-related matters. At the Effective Time, the board of directors of the combined company (the “ Board”) will have nine members, including (i) two directors designated by TAE (the “ TAE Designees”), consisting of Dr. Michl Binderbauer and Michael B. Schwab, (ii) two directors designated by TMTG (the “ TMTG Designees”), consisting of Devin Nunes and Donald Trump Jr., and (iii) five independent director nominees to be mutually selected by TMTG and TAE, as provided in and subject to the terms of the Merger Agreement. At the Effective Time,Michael B. Schwab will be appointed as Chairperson of the Board. At the Effective Time, Devin Nunes and Dr. Michl Binderbauer will be appointed to serve as co-Chief Executive Officers of the combined company. Conditions to the Merger The consummation of the Merger is subject to the satisfaction or waiver of certain closing conditions, including, among others, (i) the adoption of the Merger Agreement by holders of (A) a majority of the outstanding shares of TAE Preferred Stock, voting as a single class on an as-converted basis and (B) a majority of the outstanding shares of TAE Common Stock and TAE Preferred Stock (on as an-