TMTG Secures Perpetual Licensing for New Technology in Truth Social TV Streaming and Signs Long-Term Equity Deal
Trump Media & Technology Group Corp. (DJT)
Company Research
Source: GlobeNewswire
SARASOTA, Fla., July 03, 2024 (GLOBE NEWSWIRE) -- Trump Media & Technology Group Corp. (Nasdaq: DJT) (“TMTG” or the “Company”), operator of the social media platform Truth Social, yet another of President Donald J. Trump’s iconic American brands, announced today that it signed an agreement to acquire assets intended to power TMTG’s planned content distribution network for streaming of linear TV—initially via the Truth Social platform and later through stand-alone apps. Additionally, the Company finalized a long-term equity financing arrangement to fund TMTG’s expansion over the next three years. To advance TV streaming, and contingent on the satisfaction of closing conditions, TMTG expects to receive from Perception Group, Inc. and its affiliates (“Perception”) worldwide non-exclusive perpetual licensing rights for the new CDN technology that TMTG plans to use for its content distribution network. Additionally, Perception will face certain restrictions for five years on operating i
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News
- Trump Media & Technology chief operating officer resigns [CBS News]CBS News
- Trump Media filing reveals COO resignation, court ruling to hand over shares [Seeking Alpha]Seeking Alpha
- Chief operating officer of Truth Social's parent company resigns [Yahoo! Finance]Yahoo! Finance
- Trump back on Forbes 400 with at least 37 other Palm Beach billionaires [USA TODAY]USA TODAY
- Insiders remain on top despite recent sales, own 63% of Trump Media & Technology Group Corp. (NASDAQ:DJT) [Yahoo! Finance]Yahoo! Finance
DJT
Sec Filings
- 10/4/24 - Form 424B3
- 10/4/24 - Form 424B3
- 10/4/24 - Form 424B3
- DJT's page on the SEC website