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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Trump Media and Technology Group Corporation | NASDAQ:DJT | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.75 | 1.54% | 49.43 | 49.06 | 49.44 | 1,207 | 09:13:24 |
Filed by Digital World Acquisition Corp.
Pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
of the Securities Exchange Act of 1934, as Amended
Subject Company: Digital World Acquisition Corp.
Commission File No. 001-40779
Fox News interview between Laura Ingraham (host) and Devin Nunes (taped on June 16, 2022 and aired on June 17, 2022).
Laura Ingraham: Now, last night we told you about the new front being opened by the Biden administration in the war on speech, and it seems that the DHS and the NSC arent the only government agencies that want in. Now its the SEC, also known as the Securities and Exchange Commission, that has reportedly requested information from a business partner of Donald Trumps social media company, Truth Social. Now, the filing could reportedly materially delay, materially impede, or prevent what is the consummation of this Business Combination over at Truth Social, so we decided to go to Devin Nunes, CEO of Trump Media and Technology Group, Devin, um, whats going on here with the timing of the SECs inquiry that you can share with us tonight?
Devin Nunes: Well, you know Laura, thank you, and look, were all for transparency here at Truth Social, Trump Media Group, we dont have anything to hide, well answer any question that they have, and we want to be treated like every other company. You may remember that it wasnt Donald Trump that needed a new company, it was only caused because Donald Trump was kicked off of social media, along with those of us that were also shadow banned, or censored and everything else, and look, its always this thing where the Left always tells us: well, if you dont like these social media companies, Big Tech companies, youre conservatives. Just go out and start your own company. Well look, thats what were doing. Donald Trump didnt need a new company. I didnt need a new job. Were trying to open the internet back up for the American people and give the people their voice back, and we expected to be treated fairly, like any other company should be treated.
Laura Ingraham: Are you concerned at this point, with this inquiry about this new business partnership of yours, that youre not being treated fairly vis a vis other corporations that dont have any association with conservatism?
Devin Nunes: Look, we dont know, because, you know, we filed publicly, everything transparent, with the SEC a month ago, and they should be producing comments that would be made public, well answer them all publicly, and remember, the SECs charters very clear. Its there to protect the shareholders. And look, the best thing to protect shareholders is to have a speedy process that gets done in normal fashion so that we dont have some bureaucracy
Laura Ingraham: Weaponizing all branches of government, every agency in the federal government, its truly terrifying, and were paying for it by the way. Now, I want to play a leaked video, Devin, from Project Veritas, from Elon Musk, from yesterdays town hall with Twitter employees. Watch.
*Video of Elon Musk addressing Twitter employees plays. Musk stresses importance of free speech.*
Laura Ingraham: Devin, would Musks Twitter acquisition be a threat to the power of Truth Social?
Devin Nunes: Well, actually, President Trump and myself have been very clear. Were all for it, right. The mission of our company is to open the internet back up, and what weve said from the very beginning, you know, if Elon Musk can buy that company, plus Instagram, TikTok, whoever he can buy, would be a hell of a lot better than what we have today. And, so, you know, look, hes got a tough job there, its not going to be easy, I mean that whole video was very, very strange. I saw several of the questions, and I think its going to be a tough time because the people that work there are just so woke, and they dont even understand what theyre doing is wrong. And, you know thats why, look, yesterday, it was very interesting, we had Governor Newsom of California join Truth Social. And, look, I welcomed him there. Now, Newsom and I,
we dont agree on anything in California, but were happy that he joined. I mean, we want him to be there. He put up a critical video of republican policies, what he believes are bad republican policies, and thats what it should be all about. Look, thats what were doing at Truth Social, is were letting everyone on, were not censoring for political purposes, and look, were not going to kick Governor Newsom off. Hes free to be there and we invite other democrats to join.
Laura Ingraham: Yeah, well Congressman, there was all these media reports that you all were booting people off Truth Social if, you know, allegedly banning them if they disagreed on issues regarding January 6th or the January 6th hearings. Im going to give you the opportunity to answer this: is there any truth to that claim against you?
Devin Nunes: No, its actually zero. So every day, its almost like I feel were back in the Russia hoax, at the height of the Russia hoax, where you get 95 stories a day that you dont even have enough time in the day to dispute them, but this one was clear that they were doctored posts that went to Twitter, and then the stupid fake news media went and wrote stories, so ones writes a story, then another writes a story, then another writes a story, and its like, what the hell are you talking about? We couldnt find any of it. We looked for it, couldnt find it.
Laura Ingraham: Yeah, I think it was actually good that Newsom came on, joined Truth Social, and posted a video. Thats what the first amendments all about. Thats what our countrys all about. Having debates, free and open exchange of ideas, I thought that was a really great development. I welcome that. Devin, its great to see you as always.
Devin Nunes: Thanks Laura.
Laura Ingraham: Alright, thanks so much.
*end of interview*
Forward-Looking Statements
This communication contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed business combination transaction (the Business Combination) between Digital World Acquisition Corp., a Delaware corporation (Digital World), and Trump Media & Technology Group Corp., a Delaware corporation (TMTG), contemplated by an Agreement and Plan of Merger, dated October 20, 2021 (as amended by the First Amendment to Agreement and Plan of Merger, dated May 11, 2022, and as it may further be amended or supplemented from time to time, the Merger Agreement). Digital Worlds and TMTGs actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements generally are identified by the words believe, project, expect, anticipate, estimate, intend, strategy, future, opportunity, plan, may, should, will, would, will be, will continue, will likely result and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.
Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including but not limited to: (i) the risk that the Business Combination and a private placement to be consummated concurrently with the Business Combination (PIPE) may not be completed in a timely manner or at all, which may adversely affect the price of Digital Worlds securities, (ii) the risk that the Business Combination may not be completed by Digital Worlds deadline for an initial business combination and the potential failure to obtain an extension of deadline if sought by Digital World, (iii) the failure to satisfy the conditions to the consummation of the Business Combination or the PIPE, including the approval of the Merger Agreement by the stockholders of Digital World, (iv) the lack of a third-party fairness opinion in determining whether or not to pursue the Business Combination, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (vi) the failure to achieve the minimum amount of cash available following any redemptions by Digital World stockholders, (vii) redemptions exceeding a maximum threshold or the failure to meet The Nasdaq Stock Markets initial listing standards in connection with the consummation of the Business Combination, (viii) the effect of the announcement or pendency of the Business Combination or the PIPE on TMTGs business relationships, operating results, and business generally, (ix) risks that the Business Combination disrupts current plans and operations of TMTG, (x) the outcome of any legal proceedings that may be instituted against Digital World or against TMTG related to the Merger Agreement or the Business Combination, (xi) the risk of any investigations by the Securities and Exchange Commission (the SEC) or other regulatory authority relating to the Merger Agreement, the Business Combination or the PIPE and the impact they may have on consummating the Business Combination and PIPE, (xii) TruthSocial, TMTGs initial product, and its ability to generate users and advertisers, (xiii) changes in domestic and global general economic conditions, (xiv) the risk that TMTG may not be able to execute its growth strategies, (xv) risks related to the ongoing COVID-19 pandemic and response and geopolitical developments, (xvi) risk that TMTG may not be able to develop and maintain effective internal controls, (xvii) costs related to the Business Combination and the failure to realize anticipated benefits of the Business Combination or to realize estimated pro forma results and underlying assumptions, including with respect to estimated stockholder redemptions, and (xviii) those factors discussed in Digital Worlds filings with the SEC, including the registration statement on Form S-4 (initially filed with the SEC on May 16, 2022 and as may be amended from time to time, the Registration Statement), which includes a preliminary proxy statement/prospectus and will include a definitive proxy statement/prospectus. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that have been described in the Risk Factors section of the Registration Statement and other documents to be filed by Digital World from time to time with the SEC. These filings identify and address other
important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and while Digital World and TMTG may elect to update these forward-looking statements at some point in the future, they assume no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise. Neither of Digital World or TMTG gives any assurance that Digital World, TMTG, or the combined company, will achieve the expectations.
Participants in the Solicitation
Digital World and TMTG and certain of their respective directors, executive officers, other members of management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies from the securityholders of Digital World in favor of the approval of the Business Combination. Securityholders of Digital World and other interested persons may obtain more information regarding the names and interests in the Business Combination of Digital Worlds directors and officers in Digital Worlds filings with the SEC, including the Registration Statement that has been filed with the SEC, which also contains the names and interests in the Business Combination of TMTGs directors and officers. These documents can be obtained free of charge from the sources indicated below.
No Offer or Solicitation
This communication hereto shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Business Combination. This communication shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
Important Information About the Transactions and Where to Find It
In connection with the Business Combination and PIPE, Digital World intends to file with the SEC the Registration Statement, which includes a preliminary proxy statement/prospectus and will include a definitive proxy statement/prospectus. Digital Worlds stockholders and other interested persons are advised to read the Registration Statement, including the preliminary proxy statement/prospectus and the amendments thereto and the definitive proxy statement/prospectus and documents incorporated by reference therein filed in connection with the Business Combination, as these materials will contain important information about Digital World, TMTG, the Merger Agreement, the Business Combination and PIPE. When available, the definitive proxy statement/prospectus and other relevant materials for the Business Combination will be mailed to stockholders of Digital World as of a record date to be established for voting on the Business Combination. Stockholders of Digital World will also be able to obtain copies of the Registration Statement, the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other documents filed with the SEC that will be incorporated by reference therein, without charge, once available, at the SECs web site at www.sec.gov, or by directing a request to: Digital World Acquisition Corp., 78 SW 7th Street, Miami, FL 33130.
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