albaby,

" Investors Interested in Exercising Warrants Should Contact Their Broker
SARASOTA, Fla., June 18, 2024 (GLOBE NEWSWIRE) -- Trump Media & Technology Group Corp. (NASDAQ: DJT) ("TMTG" or the "Company")-operator of the Truth Social platform, yet another of President Donald J. Trump's iconic American brands-today announced that on June 18, 2024 the Securities and Exchange Commission ("SEC") has declared effective the Company's registration statement on Form S-1, related to the resale by certain selling securityholders of certain shares and warrants issued by and issuable from the Company ("Registration Statement," File No. 333-278678).

The Registration Statement, while effective, allows the covered selling securityholders to publicly resell the securities covered by the Registration Statement, subject to the satisfaction by selling securityholders of the prospectus delivery requirements of the Securities Act of 1933, as amended, in connection with any such resale. In addition, TMTG's warrants covered by the Registration Statement have now become eligible for cash exercise. If all warrants covered by the Registration Statement are exercised for cash, TMTG may receive up to an aggregate of approximately $247 million in proceeds. Additionally, $40 million of restricted cash on the Company's balance sheet will become unrestricted as a result of the Registration Statement becoming effective. These funds would supplement the more than $200 million in unrestricted cash the Company now retains."

" Last Thursday (August 30), a news report described this Sarasota, Florida, court's denial of Trump Media's request: (Underlining is mine)

"A Florida judge has denied a motion by Donald Trump’s Truth Social to block the sale of 18 million shares by two of the company’s co-founders, determining that the company would not suffer irreparable harm and that any potential damage could be addressed through financial compensation. The ruling came from Sarasota County Circuit Judge Hunter Carroll on Friday, who dismissed Truth Social’s arguments for a temporary injunction.

"Truth Social, officially known as Trump Media & Technology Group Corp. (TMTG), sought to prevent Arc Global Investments II LLC and United Atlantic Ventures LLC from selling their shares when a lock-up restriction expires on September 19."

Just a few events in a complex situation. Go figure, trump tried to F$$k several shareholders.