Subject: Material Internal Control Weaknesses
WARNING … WARNING!!!
Please make sure you are sitting down before reading this. I will not be responsible for individuals who read this and pass out from shock.
In the filing, the company disclosed finding “material weaknesses” in its internal controls over financial reporting, citing a lack of formal accounting processes for complex transactions and insufficient personnel experienced in SEC reporting requirements.
As a result, Trump Media warned “there is a reasonable possibility” that “material misstatements” may have appeared in its financial filings.