Company: DJTWW
Filing Date: 2025-02-14
Form Type: 424B3
Source: 0001140361-25-004837
Chunk: 50

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-02-14
Form: 424B3
Chunk 50
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 its business plan at that time. Private TMTG did not begin developing the Truth Social platform until June 2021. Private TMTG made Truth Social available for general use in the first quarter of 2022. Truth+ is nascent, and Truth.Fi remains in development. TMTG has a limited operating history with these products (collectively “ the Truth ecosystem”), and TMTG cannot assure you that it will be able to operate its business successfully or implement its operating policies and strategies as described elsewhere in this Annual Report. TMTG may encounter risks and challenges frequently experienced by growing companies in rapidly developing industries, including risks related to its ability to:

| • | build a reputation for providing a superior platform and customer service, and for creating trust and long-term relationships with its potential customers; |

| • | implement a revenue model allowing it to develop predictable revenues; |

| • | distinguish itself from competitors and navigate political issues; |

22

| • | develop and offer a competitive platform that meets TMTG’s customers’ needs as they change; |

| • | improve TMTG’s current operational infrastructure and non-platform technology to support its growth and to respond to the evolution of TMTG’s market and competitors’ developments; |

| • | develop, maintain and expand TMTG’s relationships with suppliers of quality advertising; |

| • | respond to complex, evolving, stringent, contradictory industry standards and government regulation on an international scale that impact TMTG’s business; |

| • | identify, complete and integrate acquisitions; |

| • | prevent, detect, respond to, or mitigate failures or breaches of privacy and security; and |

| • | hire and retain qualified and motivated employees. |

If TMTG is unable to do so, its business may suffer, its revenue and operating results may decline and TMTG may not be able to achieve further growth or sustain profitability. TMTG has broad discretion in the use of its available cash and may not use it effectively. TMTG cannot specify with any certainty the particular uses of the net proceeds that TMTG either received pursuant to the Business Combination or will receive under the SEPA and/or due to the exercise of certain outstanding TMTG warrants. TMTG’s Management has broad discretion in the use of TMTG’s available cash, including working capital, possible acquisitions, and other general corporate purposes, and TMTG may spend or invest this cash in a way with which the stockholders disagree. The failure by TMT