Company: DJTWW
Filing Date: 2025-02-21
Form Type: PRE 14A
Source: 0001140361-25-005487
Chunk: 53

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-02-21
Form: PRE 14A
Chunk 53
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 NOT BE REQUIRED TO EXCHANGE STOCK CERTIFICATES AS A RESULT OF THE REINCORPORATION. Reasons for the Reincorporation As part of their ongoing oversight, direction and management of the Company’s business, our Board and management have thoroughly discussed the issue of the Company’s jurisdiction of incorporation. These discussions were in response to a number of factors, including developments in the competitive and regulatory landscape in which we compete, our relationship with and commitment to the jurisdiction where we are headquartered, and broad-based views regarding the legal landscape in Delaware. The Board evaluated a number of factors in reaching a decision, including possible negative impacts from a potential reincorporation, meaningful differences in corporate 35 TABLE OF CONTENTS law between Delaware and Florida and implications to our stockholders for economic, governance and litigation rights. The Board believes that the Reincorporation is in the best interests of the Company and will help maximize stockholder value. Accordingly, the Board believes that it is in our and our stockholders’ best interests that our state of incorporation be changed from Delaware to Florida and has recommended the approval of the Reincorporation Proposal to our stockholders. The Reincorporation will not result in any change in our business, operations, management, assets, liabilities or net worth. Our Commitment to Florida The Board believes that our corporate identity is intertwined with and inextricably tied to our Florida corporate headquarters, and we believe that a change in our state of incorporation by redomiciling in Florida would be consistent with this trajectory. Florida is our home state, we are committed to Florida, and our controlling stockholder is at home in Florida. Reincorporating in Florida would also enhance our relationships with the state and local communities. These relationships - with government actors, with employees and with other stakeholders - are critical to the Company. The Reincorporation would send a strong signal of TMTG’s commitment to the state and local community. By comparison, we have no operations or employees in Delaware. We do not hold Board meetings in Delaware, and the Board does not otherwise visit Delaware as part of their work for the Company. The Board found no advantage to remaining incorporated in Delaware that justifies a split between the Company’s legal home and its physical home. Another advantage of home-state incorporation is that the legislators and judges making corporate law - and the juries deciding fact disputes - are drawn from the community in which the Company operates. Corporate law and litigation often overlap with and impact business, employment and operational matters. The Board believes that local