Item 5. Market for Registrant’s Common Equity
Item 5.
Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities
(a) Market Information
Our Common Stock and Public Warrants are each traded on The Nasdaq Global Market under the symbols DJT and DJTWW,
respectively. Our Common Stock and Public Warrants commenced public trading on March 26, 2024.
(b) Holders
On March 28, 2024, there were 289 holders of record of shares of our Common Stock and 61 holders of
record of our Public Warrants.
(c) Dividends
We have never declared or paid dividends on our capital stock. We currently intend to retain all available funds and future earnings, if any, to fund the development and growth of the business, and
therefore, do not anticipate declaring or paying any cash dividends on our Common Stock in the foreseeable future. Any future determination related to our dividend policy will be made at the discretion of our Board after considering
our business prospects, results of operations, financial condition, cash requirements and availability debt repayment obligations, capital expenditure needs, contractual restrictions, covenants in the agreements governing current and
future indebtedness, industry trends, the provisions of Delaware law affecting the payment of dividends and distributions to stockholders and any other factors or considerations the Board deems relevant.
(d) Performance Graph
Not Applicable.
(e) Recent Sales of Unregistered Securities
During the covered period, Digital World issued $2,832,000 in non-interest-bearing convertible promissory notes,
payable upon the stockholders’ approval of the Business Combination. The payment could be made in either (i) units or (ii) cash or units, at the holder's election. Any units issuable pursuant to the convertible promissory notes
were to consist of one share of Digital World common stock and one-half of a warrant, with an exercise price ranging between $8 and $10. Upon the consummation of the Business Combination, the number of shares of TMTG Common
Stock issued to holders of such convertible promissory notes is equal to 303,200 and the number of private warrants issued is equal to 149,099. The convertible promissory notes were issued pursuant to the exemption from
registration contained in Section 4(a)(2) of the Securities Act.
Further information about additional unregistered sales of our equity securities in connection with the Business Combination is set forth under Items 2.01 and 3.02 of our Current
Report on Form 8-K filed with the SEC on April 1, 2024.
(f) Recent Purchase of Unregistered Securities
None.
Item 6.
[Reserved]
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