Trump Media Files Preliminary Proxy Statement, Proposes Corporate Move to Florida
Trump Media and Technology Group (Nasdaq: DJT), operator of Truth Social, Truth+, and Truth.Fi, has filed a preliminary proxy statement for its upcoming 2025 annual meeting. The company proposes to reincorporate in Florida, where it currently maintains its principal business operations.
The virtual annual meeting is planned for April 30, 2025, subject to the filing of a definitive proxy statement. CEO and Chairman Devin Nunes expressed commitment to Florida's business environment and indicated plans to explore mergers, acquisitions, partnerships, and other growth opportunities.
Stockholders will vote on the reincorporation proposal along with other standard matters. The company has filed the preliminary proxy statement with the SEC on February 21, 2025, and will file additional materials for stockholder review.
Trump Media and Technology Group (Nasdaq: DJT), operatore di Truth Social, Truth+ e Truth.Fi, ha presentato una dichiarazione di delega preliminare per la sua prossima assemblea annuale del 2025. L'azienda propone di reincorporarsi in Florida, dove attualmente mantiene le sue principali operazioni commerciali.
L'assemblea annuale virtuale è prevista per 30 aprile 2025, soggetta alla presentazione di una dichiarazione di delega definitiva. Il CEO e Presidente Devin Nunes ha espresso il suo impegno per l'ambiente imprenditoriale della Florida e ha indicato piani per esplorare fusioni, acquisizioni, partnership e altre opportunità di crescita.
Gli azionisti voteranno sulla proposta di reincorporazione insieme ad altre questioni standard. L'azienda ha presentato la dichiarazione di delega preliminare alla SEC il 21 febbraio 2025 e presenterà ulteriori materiali per la revisione degli azionisti.
Trump Media and Technology Group (Nasdaq: DJT), operador de Truth Social, Truth+ y Truth.Fi, ha presentado una declaración de poder preliminar para su próxima reunión anual de 2025. La empresa propone reincorporarse en Florida, donde actualmente mantiene sus principales operaciones comerciales.
La reunión anual virtual está programada para el 30 de abril de 2025, sujeta a la presentación de una declaración de poder definitiva. El CEO y Presidente Devin Nunes expresó su compromiso con el entorno empresarial de Florida e indicó planes para explorar fusiones, adquisiciones, asociaciones y otras oportunidades de crecimiento.
Los accionistas votarán sobre la propuesta de reincorporación junto con otros asuntos estándar. La empresa presentó la declaración de poder preliminar a la SEC el 21 de febrero de 2025 y presentará materiales adicionales para la revisión de los accionistas.
트럼프 미디어 및 기술 그룹 (Nasdaq: DJT), Truth Social, Truth+ 및 Truth.Fi의 운영자는 2025년 연례 회의를 위한 예비 위임장을 제출했습니다. 회사는 현재 주요 사업 운영을 유지하고 있는 플로리다로 재법인화할 것을 제안합니다.
가상 연례 회의는 2025년 4월 30일로 예정되어 있으며, 최종 위임장 제출에 따라 달라질 수 있습니다. CEO이자 회장인 데빈 누네스는 플로리다의 비즈니스 환경에 대한 헌신을 표명했으며 합병, 인수, 파트너십 및 기타 성장 기회를 탐색할 계획을 나타냈습니다.
주주들은 재법인화 제안과 기타 표준 사항에 대해 투표할 것입니다. 회사는 2025년 2월 21일 SEC에 예비 위임장을 제출했으며 주주 검토를 위해 추가 자료를 제출할 예정입니다.
Trump Media and Technology Group (Nasdaq: DJT), opérateur de Truth Social, Truth+ et Truth.Fi, a déposé une déclaration de procuration préliminaire pour sa prochaine assemblée annuelle de 2025. L'entreprise propose de se réincorporer en Floride, où elle maintient actuellement ses principales opérations commerciales.
L'assemblée annuelle virtuelle est prévue pour le 30 avril 2025, sous réserve du dépôt d'une déclaration de procuration définitive. Le PDG et Président Devin Nunes a exprimé son engagement envers l'environnement commercial de la Floride et a indiqué des projets pour explorer des fusions, des acquisitions, des partenariats et d'autres opportunités de croissance.
Les actionnaires voteront sur la proposition de réincorporation ainsi que sur d'autres questions standard. L'entreprise a déposé la déclaration de procuration préliminaire auprès de la SEC le 21 février 2025 et déposera des documents supplémentaires pour examen par les actionnaires.
Trump Media and Technology Group (Nasdaq: DJT), Betreiber von Truth Social, Truth+ und Truth.Fi, hat eine vorläufige Vollmachtserklärung für die bevorstehende Hauptversammlung 2025 eingereicht. Das Unternehmen schlägt vor, sich in Florida neu zu inkorporieren, wo es derzeit seine Hauptgeschäftstätigkeiten unterhält.
Die virtuelle Hauptversammlung ist für den 30. April 2025 geplant, vorbehaltlich der Einreichung einer endgültigen Vollmachtserklärung. CEO und Vorsitzender Devin Nunes äußerte sein Engagement für das Geschäftsumfeld in Florida und deutete Pläne an, Fusionen, Übernahmen, Partnerschaften und andere Wachstumschancen zu erkunden.
Die Aktionäre werden über den Vorschlag zur Neuintegration sowie über andere Standardangelegenheiten abstimmen. Das Unternehmen hat die vorläufige Vollmachtserklärung am 21. Februar 2025 bei der SEC eingereicht und wird weitere Materialien zur Überprüfung durch die Aktionäre einreichen.
- Strategic move to Florida could streamline operations by aligning legal and physical presence
- Company actively exploring growth opportunities through M&A and partnerships
- None.
Insights
The proposed reincorporation to Florida represents a strategic corporate restructuring that could significantly enhance TMTG's operational flexibility and growth potential. Florida's business-friendly environment offers several key advantages: more favorable corporate tax structures, stronger protection against hostile takeovers, and reduced regulatory burden compared to many other states.
The timing of this move is particularly noteworthy as it coincides with TMTG's expressed interest in mergers, acquisitions, partnerships, and other growth opportunities. Florida's corporate laws typically provide more flexibility for M&A transactions and often offer stronger protections for board decisions under the business judgment rule. This legal framework could facilitate faster deal execution and potentially reduce transaction costs.
From a corporate governance perspective, the reincorporation proposal demonstrates proper procedural compliance with SEC requirements. The preliminary proxy filing and planned virtual annual meeting follow standard corporate governance practices, while the transparent communication about future growth strategies signals strong shareholder engagement.
The emphasis on uniting the legal and physical presence in Florida could streamline administrative operations and reduce compliance costs. However, investors should note that the success of any future M&A activities will depend more on strategic execution than corporate domicile. The move primarily creates a more favorable framework for pursuing these opportunities rather than guaranteeing their success.
Reincorporation to be Considered at TMTG Annual Meeting
SARASOTA, Fla., Feb. 21, 2025 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq: DJT) ("TMTG" or the "Company"), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, today filed its preliminary proxy statement with the Securities and Exchange Commission in connection with its upcoming 2025 annual meeting.
Among other customary proposals, TMTG stockholders will have the opportunity to vote on a proposal to reincorporate by conversion the Company in Florida—where TMTG has its principal place of business.
TMTG CEO and Chairman Devin Nunes said, “We are committed to Florida, which has an outstanding business climate and shows tremendous respect for free enterprise. We look forward to uniting our legal home with our physical home as we explore possibilities for mergers, acquisitions, partnerships, and other growth.”
Subject to the future filing of a definitive proxy statement, TMTG aims to hold its virtual annual meeting on April 30, 2025.
Cautionary Statement About Forward-Looking Statements
This press release includes forward-looking statements regarding, among other things, the plans, strategies, and prospects, both business and financial, of TMTG. We have based these forward-looking statements on our current expectations and projections about future events, including potential merger & acquisition activity, the rollout of products and features, the future plans, timing and potential success of the streaming services and the launch and success of our financial services and FinTech platform. Although we believe that our plans, intentions, and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions, or expectations. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "soon," "goal," "intends," or similar expressions. Forward-looking statements are not guarantees of future performance, and involve risks, uncertainties and assumptions that may cause our actual results to differ materially from the expectations that we describe in our forward-looking statements. There may be events in the future that we are not accurately able to predict, or over which we have no control.
Additional Information and Where to Find It
The Company has filed a revised Preliminary Proxy Statement on Schedule 14A with the Securities and Exchange Commission (the “SEC”) on February 21, 2025 (the “Preliminary Proxy Statement”) and intends to file a definitive proxy statement and other relevant materials with respect to the Company’s solicitation of proxies for the annual meeting of stockholders expected to be held on April 30, 2025 (the “Annual Meeting”). INVESTORS AND STOCKHOLDERS OF THE COMPANY ARE URGED TO READ THE PRELIMINARY PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND THE DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT MATERIALS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ANY SOLICITATION. The Preliminary Proxy Statement (and the definitive proxy statement and other relevant materials when they become available), and any other documents filed by the Company with the SEC, may be obtained free of charge at the SEC’s website at www.sec.gov. In addition, investors and security holders may obtain free copies of the documents filed with the SEC at the Company’s website, http://www.ir.tmtgcorp.com, or by requesting them in writing or by telephone from us at 401 N. Cattlemen Road, Suite 200, Sarasota Florida 34232.
Participants
The Company and its directors and executive officers will be participants in the solicitation of proxies with respect to a solicitation by the Company. Information about those executive officers and directors of the Company and their ownership of the Company’s common stock is set forth in the Preliminary Proxy Statement. Investors and security holders may obtain additional information regarding direct and indirect interests of the Company and its executive officers and directors in the matters to be voted upon at the Annual Meeting by reading the Preliminary Proxy Statement. These documents are or will be available free of charge at the SEC’s website at www.sec.gov.
About TMTG
The mission of TMTG is to end Big Tech's assault on free speech by opening up the Internet and giving people their voices back. TMTG operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations, as well as Truth+, a TV streaming platform focusing on family-friendly live TV channels and on-demand content. TMTG is also launching Truth.Fi, a financial services and FinTech brand incorporating America First investment vehicles.
Investor Relations Contact
Shannon Devine (MZ Group | Managing Director - MZ North America)
Email: shannon.devine@mzgroup.us
Media Contact
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