Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain

Officers.

Effective January 3, 2023, the board of directors (the "Board") of Digital World Acquisition Corp. (the "Company") elected Mr. Edward Preble and Mr. Frank Andrews as directors and as members of the audit and compensation committees of the Board (the "Audit Committee" and the "Compensation Committee," respectively).

In connection with Messrs. Preble and Andrew's appointments, each individual signed a joinder to that certain letter agreement dated as of January 3, 2023, by and among the Company, ARC Global Investments II LLC (the "Sponsor") and the officers and directors of the Company, pursuant to which, among other things, the signatories agreed to waive certain redemption rights and to vote any shares of Company common stock held in favor of an initial business combination.

Mr. Preble began his career in 2001 as an International Advisor for Morgan Stanley and worked directly with many Institutional and ultra-high net worth families. Before beginning his own global business development consultancy in 2008, Mr. Preble worked as a Global Private Wealth Manager for Merrill Lynch for two years. In 2017, Mr. Preble headed internationals sales for Crider Foods, the largest added value poultry company expanding sales significantly over five years. He is a member of Southeast United States Trade Organization, and USA Poultry. Mr. Preble received a Bachelor's Degree of Arts in Finance and a Corporate Master's Degree in Business Administration from Florida International University.

Mr. Andrews is an independent media consultant that has worked with many top performing artists and is highly connected in the media space. He began his career working on Fortune 500 brands' advertising campaigns with a subsequent focus as a producer on product videos, industrial productions, and live international trade shows for brands like Canon and Sony with featured artists like Cindy Lauper. He continued to work with well-known media artists which led him to launch My Creative Waves Corp in 2014. Mr. Andrews quickly grew the strategic consultancy offering guidance to drastically improve consumer experiences for both digital and traditional media for major consumer brands such as Macy's. Mr. Andrews graduated with a Bachelor of Science Business Administration from University of Central Florida, with an MFA candidacy in Film Television Production from The Savannah College of Art & Design.

There are no family relationships between Mr. Preble or Mr. Andrews and any director, executive officer, or person nominated or chosen by the Company to become an executive officer of the Company. There are no arrangements between each of Messrs. Preble and Andrews and any other person pursuant to which Messrs. Preble and Andrews were nominated as a director. Other than as described above, there are no transactions between the Company and Mr. Preble or Mr. Andrews that are subject to disclosure under Item 404(a) of Regulation S-K.

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