Business Combination - The company completed a Business Combination on March 25, 2024, resulting in the renaming to Trump Media & Technology Group Corp. from Digital World Acquisition Corp.[21] - The total merger consideration paid to TMTG securityholders was $875 million[41] - As of April 26, 2024, 36 million Earnout Shares were issued to President Donald J. Trump based on stock performance criteria[31] - The company has a three-year Earnout Period to determine the contingent right to Earnout Shares[30] Market Risks - The company is exposed to market risks including interest rates, credit access, and foreign currency fluctuations, which could negatively impact revenue growth and profitability[537] - The company’s investments through repurchase agreements are subject to interest rate risks, primarily affecting future earnings[538] Financial Management - The company maintains cash and cash equivalents primarily with large financial institutions, minimizing credit risk[540] - The company aims to preserve principal while maximizing income from investments, potentially investing in a variety of securities[541] - The company does not engage in trading or speculative investments and has not used derivative financial instruments to manage interest rate risk[539] - The company’s financial market risk management strategy includes maintaining a diversified portfolio of cash equivalents and various securities[541]
Trump Media & Technology Group Corp.(DJT) - 2024 Q4 - Annual Report