Trump Media & Technology Group Corp. (NasdaqGM:DJT) entered into an asset acquisition agreement to acquire Substantially all of the assets of WorldConnect Technologies, L.L.C. for approximately $160 million July 3, 2024. Pursuant to the Asset Acquisition Agreement, Trump Media agreed to issue as consideration up to 5,100,000 shares of its common stock, 2,600,000 shares of which will be issued on the Closing Date and 2,500,000 shares of which will be issuable upon the satisfaction of certain Milestones. Closing is expected to occur as soon as July 2024, subject to customary closing conditions including execution of Employment Agreements, registration rights agreement. Chaffe McCall, L.L.P acted as legal advisor to WorldConnect Technologies, L.L.C.

Trump Media & Technology Group Corp. (NasdaqGM:DJT) completed the acquisition of Substantially all of the assets of WorldConnect Technologies, L.L.C. on August 9, 2024.