Trump Media & Technology Group Corp 8-K, filed Apr 23, 2024
Trump Media & Technology Group Corp. (DJT)
8-K
2024-04-23
For: 2024-04-23
View Original
Added on
April 07, 2026
About this 8-K
Trump Media & Technology Group Corp filed this 8-K on April 23, 2024.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 23, 2024
(Exact name of registrant as specified in its charter)
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code: (941 ) 735-7346
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of Each Class
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Trading
Symbol(s)
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Name of Each Exchange
on Which Registered
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (Sec.230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Sec.240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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Item 7.01
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Other Events.
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On April 23, 2024, Trump Media & Technology Group Corp. (the “Company”) issued a press release highlighting steps Company shareholders
can take to prevent the lending of their shares by brokerage firms for the purpose of short selling. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as
amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
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Item 9.01
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Financial Statements and Exhibits.
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(d)
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Exhibits. The following exhibits are filed with this Form 8-K:
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Exhibit
No.
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Description of Exhibits
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Press Release, dated April 23, 2024.
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document).
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
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Trump Media & Technology Group Corp.
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Dated: April 23, 2024
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By:
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/s/ Scott Glabe
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Name:
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Scott Glabe
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Title:
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General Counsel
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Exhibit 99.1
TRUMP MEDIA PROVIDES ADDITIONAL INFORMATION TO DJT INVESTORS REGARDING SHORT SELLING
Sarasota, FL, April 23, 2024 — Trump Media & Technology Group Corp. (NASDAQ: DJT) (“TMTG” or the “Company”) is highlighting actions DJT shareholders can take to prevent the lending of their
shares by brokerage firms for the purpose of short selling.
The Company’s shareholder base primarily consists of retail investors who hold their shares through various brokerage firms. Many of these retail
shareholders invested in DJT because they support TMTG’s mission to create a free-speech beachhead against Big Tech censorship.
TMTG wants to clarify that brokerage firms may facilitate short selling in DJT shares by lending DJT shareholders’ shares held in margin accounts. Through
this practice, brokerage firms earn an alternative source of revenue by “lending” shares to sophisticated and institutional investors who are betting that the stock’s price will fall. If the stock price in fact falls, then the brokerage firm and
the sophisticated and institutional investors will profit while retail investors will not.
Accordingly, for long-term shareholders who believe in the Company’s future, TMTG is highlighting the following actions that shareholders can take to
prevent the lending of their shares:
1) holding their DJT shares in a cash account at their brokerage firm instead of a margin account (a model instruction letter is set
forth under the heading “Form of Letter to Broker” below)
2) opting out of any securities lending programs, which should stop their broker from lending their shares
3) moving their shares to a Direct Registration (“DRS”) account at the Company’s transfer agent, Odyssey Transfer & Trust Company
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this allows shareholders to safely hold shares electronically as an alternative to a brokerage account
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once shares are moved to a DRS account, shareholders may request to withdraw the shares into a physical stock certificate, if desired
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to move shares to DRS, contact your broker for further instructions, indicating you wish to initiate a “transfer of DJT shares to a DRS account at the transfer agent”
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Finally, retail investors should also refer to the Securities and Exchange Commission’s (the “SEC”) Investor Bulletin, which, on June 10, 2021, specifically warned investors about certain risks in connection with securities lending. In particular, the SEC noted the ability of brokerage firms to
lend out securities in an investor’s account to a third-party at any time without notice or compensation to the account holder, if the investor had any outstanding margin loan in the account, as well as related impacts to an investor’s voting
rights in the shares and tax treatment.
Form of Letter to Broker
If investors decide to instruct their broker not to make their shares available for lending, the following is a sample of the language they
can use in their email or letter to the Branch Manager of their brokerage account:
[Broker Name]
[Broker Address]
Attn:
Branch Manager
My Account [Account Number]
Dear Sir or Madam:
Please accept this written instruction to make sure that the following securities are held in my cash account only and
accordingly are not available for any stock loan activities. I hereby expressly opt-out of any securities lending programs and instruct you to not loan out any of my shares.
Securities:
XX shares of Trump Media & Technology Group Corp. (DJT) and any DJT shares subsequently acquired.
Please confirm receipt and compliance with this request.
Additional Information Regarding Moving Shares Out of Brokerage Accounts
Please note that investors may incur certain costs in
connection with transferring shares out of a brokerage account and, once their shares are moved to our transfer agent, their ability to timely transfer their shares back to a brokerage firm and sell may be a longer process. Holding shares in
physical certificate form involves risk of loss or destruction where a bond of indemnity is required to replace the certificate(s).
Not Investment Advice
The information in this release does not constitute or purport to be investment advice. The Company encourages investors to speak with
their financial advisor about any transactions and strategies such as using cash accounts to hold their securities instead of margin accounts and the lack of liquidity resulting from or costs of transferring and holding their shares at our transfer
agent to ensure they are appropriate for the investors’ individual circumstances.
About TMTG
The mission of TMTG is to end Big Tech’s assault on free speech by opening up the Internet and giving people their voices back. TMTG
operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations.
Investor Relations Contact:
Shannon Devine (MZ Group | Managing Director - MZ North America)
Email: shannon.devine@mzgroup.us
Media Contact:
press@tmtgcorp.com