MIAMI, FL / ACCESSWIRE / June 14, 2022 / The Digital World Acquisition Corp. (“Digital World”) crew has been tirelessly working in direction of consummating its proposed enterprise mixture (the “Enterprise Mixture”) with Trump Media & Expertise Group Corp. (“TMTG”), and to afford Digital World stockholders, each massive and small, the chance to take part within the means of the Enterprise Mixture. Moreover, Digital Phrase appreciates that the Securities and Trade Fee (the “SEC”) is tasked with defending traders and is working to offer the SEC employees with info, pursuant to beforehand disclosed subpoena requests, in order that the SEC has what it must conduct and conclude its investigation. The Digital World crew continues to diligently work in direction of finishing the Enterprise Mixture, which incorporates roughly $1.25 billion of web proceeds to TMTG at shut, assuming no redemptions by Digital World stockholders, to ensure that traders to have the chance to take part within the Enterprise Mixture.
About Digital World Acquisition Corp.
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Digital World (Nasdaq:DWAC) is a particular goal acquisition firm fashioned for the aim of effecting a merger, capital inventory trade, asset acquisition, inventory buy, reorganization or related enterprise mixture with a number of companies.
Ahead-Wanting Statements
This press launch comprises sure forward-looking statements inside the that means of the federal securities legal guidelines with respect to the proposed Enterprise Mixture between Digital World and TMTG, together with with out limitation statements relating to the anticipated advantages of the Enterprise Mixture, the anticipated timing of the Enterprise Mixture and the non-public placement of Digital World (the “PIPE”), the implied enterprise worth, future monetary situation and efficiency of TMTG and the mixed firm after the closing and anticipated monetary impacts of the Enterprise Mixture, the satisfaction of closing circumstances to the Enterprise Mixture, the extent of redemptions of Digital World’s public stockholders and the merchandise and markets and anticipated future efficiency and market alternatives of TMTG. These forward-looking statements typically are recognized by the phrases “imagine,” “venture,” “count on,” “anticipate,” “estimate,” “intend,” “technique,” “future,” “alternative,” “plan,” “might,” “ought to,” “will,” “would,” “shall be,” “will proceed,” “will possible end result” and related expressions, however the absence of those phrases doesn’t imply {that a} assertion is just not forward-looking. Ahead-looking statements are predictions, projections and different statements about future occasions which are based mostly on present expectations and assumptions and, in consequence, are topic to dangers and uncertainties.
Many components may trigger precise future occasions to vary materially from the forward-looking statements on this press launch, together with however not restricted to: (i) the danger that the Enterprise Mixture and the PIPE is probably not accomplished in a well timed method or in any respect, which can adversely have an effect on the value of Digital World’s securities, (ii) the danger that the Enterprise Mixture is probably not accomplished by Digital World’s Enterprise Mixture deadline and the potential failure to acquire an extension of the Enterprise Mixture deadline if sought by Digital World, (iii) the failure to fulfill the circumstances to the consummation of the Enterprise Mixture or the PIPE, together with the approval of the Merger Settlement (as outlined beneath) by the stockholders of Digital World, (iv) the dearth of a third-party equity opinion in figuring out whether or not or to not pursue the proposed Enterprise Mixture, (v) the prevalence of any occasion, change or different circumstance that would give rise to the termination of the merger settlement, (vi) the failure to realize the minimal amount of money obtainable following any redemptions by Digital World stockholders, (vii) redemptions exceeding a most threshold or the failure to fulfill The Nasdaq Inventory Market’s preliminary itemizing requirements in reference to the consummation of the contemplated transactions, (viii) the impact of the announcement or pendency of the PIPE or the Enterprise Mixture on TMTG’s enterprise relationships, working outcomes, and enterprise typically, (ix) dangers that the Enterprise Mixture disrupts present plans and operations of TMTG, (x) the end result of any authorized proceedings which may be instituted towards TMTG or towards Digital World associated to the merger settlement or the Enterprise Mixture, (xi) the danger of the continued investigations by the SEC and different regulatory authorities referring to the PIPE, the Merger Settlement or the Enterprise Mixture and the influence they could have on consummating the transactions, (xii) TruthSocial, TMTG’s preliminary product, and its skill to generate customers and advertisers, (xiii) adjustments in home and world basic financial circumstances, (xiv) the danger that TMTG might not be capable of execute its development methods, (xv) dangers associated to the continued COVID-19 pandemic and response and geopolitical developments, (xvi) threat that TMTG might not be capable of develop and keep efficient inside controls, (xvii) prices associated to the Enterprise Mixture and the failure to understand anticipated advantages of the Enterprise Mixture or to understand estimated professional forma outcomes and underlying assumptions, together with with respect to estimated stockholder redemptions, and (xviii) these components mentioned in Digital World’s filings with the SEC and that that shall be contained in a registration assertion on Type S-4 (as could also be amended occasionally, the “Registration Assertion”), which features a preliminary proxy assertion of Digital World, and a prospectus in reference to Enterprise Mixture. The foregoing listing of things is just not exhaustive. It is best to fastidiously contemplate the foregoing components and the opposite dangers and uncertainties that shall be described within the “Danger Components” part of the Registration Assertion and different paperwork to be filed by Digital World occasionally with the SEC. These filings determine and tackle different necessary dangers and uncertainties that would trigger precise occasions and outcomes to vary materially from these contained within the forward-looking statements. Ahead-looking statements converse solely as of the date they’re made. Readers are cautioned to not put undue reliance on forward-looking statements, and whereas TMTG and Digital World might elect to replace these forward-looking statements in some unspecified time in the future sooner or later, they assume no obligation to replace or revise these forward-looking statements, whether or not on account of new info, future occasions or in any other case. Neither of TMTG or Digital World offers any assurance that TMTG, Digital World, or the mixed firm, will obtain its expectations.
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Members within the Solicitation
Digital World and TMTG and sure of their respective administrators, government officers, different members of administration and staff, underneath SEC guidelines, could also be deemed to be individuals within the solicitation of proxies from the securityholders of Digital World in favor of the approval of the Enterprise Mixture. Securityholders of Digital World and different individuals might receive extra info relating to the names and pursuits within the proposed Enterprise Mixture of Digital World’s administrators and officers in Digital World’s filings with the SEC, together with the Registration Assertion, which additionally comprises the names and pursuits within the proposed Enterprise Mixture of TMTG’s administrators and officers. These paperwork might be obtained freed from cost from the sources indicated beneath.
No Supply or Solicitation
This press launch shall not represent a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Enterprise Mixture. This communication shall additionally not represent a suggestion to promote or the solicitation of a suggestion to purchase any securities, nor shall there be any sale of securities in any states or jurisdictions wherein such supply, solicitation or sale can be illegal previous to registration or qualification underneath the securities legal guidelines of any such jurisdiction. No providing of securities shall be made besides by way of a prospectus assembly the necessities of Part 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
Vital Data In regards to the Transactions and The place to Discover It
In reference to the Enterprise Mixture and PIPE, Digital World has filed with the SEC the Registration Assertion, which features a preliminary proxy assertion/prospectus and can embrace a definitive proxy assertion/prospectus. Digital World’s stockholders and different individuals are suggested to learn the Registration Assertion, together with the preliminary proxy assertion/prospectus and the amendments thereto and the definitive proxy assertion/prospectus and paperwork included by reference therein filed in reference to the Enterprise Mixture, as these supplies will include necessary details about Digital World, TMTG, the Merger Settlement, the Enterprise Mixture and PIPE. When obtainable, the definitive proxy assertion/prospectus and different related supplies for the Enterprise Mixture shall be mailed to stockholders of Digital World as of a file date to be established for voting on the Enterprise Mixture. Stockholders of Digital World will even be capable of receive copies of the Registration Assertion, the preliminary proxy assertion/prospectus, the definitive proxy assertion/prospectus and different paperwork filed with the SEC that shall be included by reference therein, with out cost, as soon as obtainable, on the SEC’s web page at www.sec.gov, or by directing a request to: Digital World Acquisition Corp., 78 SW seventh Road, Miami, FL 33130.
Contact Data
Investor Relations:
Title: Alex Cano
E mail: [email protected]
SOURCE: Digital World Acquisition Corp.
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