Trump Media and Tech Group (Politics Allowed~Non-Moderated) (DJT)

[Zorax]

💥BOOM💥
Of course retail common shareholders could not take advantage of redemption. Nor do common retail shareholders get earnout shares. 'stockholders' on ledger get all the goodies. Ya'll missed the redeem date.

Item?8.01 Other Events.

Redemptions

In connection with the Special Meeting, Digital World Public Stockholders had the right to elect to redeem, upon the Closing, shares of Digital World Class A Common Stock for a per share price calculated in accordance with the Digital World Charter. As of March 20, 2024, which was the deadline for submitting redemption requests, holders of 4,939 shares of Digital World Class A Common Stock had validly elected to redeem their Digital World Class A Common Stock upon the Closing of the Business Combination.

https://finance.yahoo.com/sec-filing/DWAC/0001193125-24-075440_1849635?nn=1

Going bye bye when it happens. No comment in the last 5 up to the most recent explanation of what retail shareholders will be getting. All filings going back at least 10 were all about early investors and insiders and large holders only.

Digital World’s Public Units, Digital World Class A common stock and Digital World’s Public Warrants are publicly traded on the Nasdaq. We will apply to list the New Digital World common stock issuable upon consummation of the Business Combination on Nasdaq under the symbols “DJT” and “DJTW,” respectively, upon the Closing. Upon the Closing, Digital World’s Public Units will be separated into their component securities and will cease to be listed on Nasdaq.

It looks like retail common shareholders aren't even getting anything but screwed. Looks like insiders get the stuff. maga't shareholders might just have to buy more new tmtg shares at the highest prices just to start over again. Too bad, so sad. The below snip may be older rehashed each time and may not even be valid. It's one big mess of convoluted mush.

The Merger Agreement provides that (A) the aggregate merger consideration to be paid to TMTG securityholders (other than holders of TMTG Convertible Notes) as of immediately prior to the Effective Time will be an amount equal to $875,000,000, subject to adjustments for TMTG’s closing debt, net of cash and unpaid transaction expenses (the “Merger Consideration”), with each such TMTG securityholder receiving shares of New Digital World common stock for its TMTG securities, and (B) prior to the Effective Time, the issued and outstanding TMTG Convertible Notes will be converted into shares of TMTG common stock, such that, at the Effective Time, holders of such TMTG common stock will be entitled to receive from New Digital World a number of shares of New Digital World common stock equal to (i) the number of such shares of TMTG common stock multiplied by (ii) the conversion ratio applicable to the previously converted TMTG Convertible Notes. The Merger Consideration to be paid to TMTG securityholders will be paid solely by the delivery of new