Company: DJTWW
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001140361-25-028418
Chunk: 73

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 73
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 to market conditions, (i) issuing debt or equity securities or engaging in other capital raising
        transactions and (ii) using the proceeds of such capital raises to acquire bitcoin. TMTG’s bitcoin strategy may also include purchasing bitcoin-related securities or, given certain market conditions, selling bitcoin and investing such proceeds in
        assets including cash, cash equivalents, or other interest bearing investments.

      On May 30, 2025, TMTG announced that it had closed a private placement offering with approximately 50 investors, previously announced on May 27, 2025, consisting of (i) the sale of
        the Company’s common stock, for gross proceeds of approximately $1.44 billion and (ii) 0.00% convertible senior secured notes due 2028 in the principal amount of $1.00 billion, for an aggregate purchase price of approximately $2.44 billion. On July
        13, 2025, TMTG announced the effectiveness of a registrations statement in connection with such offering.

      TMTG will acquire its bitcoin and bitcoin-related holdings in the amounts and on the timeline it deems optimal. TMTG will continue to monitor market conditions in implementing its
        strategy and determining whether to engage in future financings to purchase additional bitcoin.

      Company Growth Strategy

      While continuing to develop, refine, and expand its existing products and services, TMTG is looking to further diversify into new sectors. A key part of its strategy is to form
        partnerships with great companies that align with TMTG’s mission, and to expand into new realms through mergers and acquisitions. We are strongly focusing on potential merger-and-acquisition opportunities with top-quality companies, and we hope to
        find “crown jewel” assets in the near future. TMTG envisions ultimately evolving into a larger holding company for numerous great products and services, compatible with America First principles, spanning multiple key sectors of the economy.

      Consolidated Results of Operations

      Comparison of the three months ended June 30, 2025 and 2024

        33

      The following table sets forth our consolidated financial results for the periods presented and the dollar and percentage changes between those periods. The period-to-period
        comparison of financial results is not necessarily indicative of future results.

              (in thousands)

              For the three months ended
              June 30,
              2025

              For the three months ended
              June 30,
              2024