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【中国观察2021年12月09日讯】
唐纳德-J-川普
Trump Media & Technology Group Corp.和Digital World Acquisition Corp. 宣布10亿美元的 "PIPE "投资承诺资本以资助业务佛罗里达州棕榈滩--2021年12月4日--Trump Media & Technology Group Corp. ("TMTG")和Digital World Acquisition Corp. (纳斯达克股票代码：DWAC）今天宣布，Digital World Acquisition Corp. ("DWAC")已经签订了认购协议，在他们的业务合并（"PIPE"）完成后，将从不同的机构投资者群体中获得10亿美元的承诺资本。
TMTG主席唐纳德-J-川普总统表示："10亿美元向大科技公司发出了一个重要信息，即审查制度和政治歧视必须结束。美国已经准备好接受TRUTH Social，一个不会因政治意识形态而歧视的平台。随着我们的资产负债表的扩大，TMTG将处于更强大的地位，以反击大科技的暴政。"
数字世界收购公司董事长兼首席执行官帕特里克-奥兰多评论说："我们对提供公共股东价值的关注推动了我们的决策，通过接受这些战略注入增长资本的承诺，我们相信合并后的公司可以在一个非常强大的基础上成长。将为合并后的公司资产负债表提供的流动资金，超过了DWAC可能提供的2.93亿美元（减去费用），应能巩固TMTG的战略定位。 我相信，TMTG可以有效地部署这些资金，以加快和加强其业务的执行，包括继续吸引顶尖人才，雇用顶尖的技术供应商，以及推出重要的广告和业务发展活动。"
这项交易将提供约12.5亿美元的估计收益（扣除估计的交易费用后），假设全额交付DWAC托管的现金数额，用于资助合并后实体的运营。完全承诺的可转换优先股PIPE交易的每股转换价格是DWAC在2021年12月1日前（包括12月1日）五个交易日的成交量加权平均收盘价（"VWAP"）的20%折扣，但可以向下调整。如果业务合并结束后10个交易日的合并实体的成交量加权平均价（"成交量加权平均价"）达到或超过56美元，则不会向下调整。如果收盘价低于56美元，那么转换价格将被调整为收盘价的40%折扣和10美元的底价，以两者中的较大者为准。PIPE融资受制于惯例成交条件，包括股东和监管部门的批准，预计将在业务合并完成后或不久后完成。
独家配售代理
EF Hutton是Benchmark Investments, LLC的分部，担任DWAC的独家配售代理和资本市场顾问。
Trump Media & Technology Group Corp.
Trump Media & Technology Group Corp.是一家社交媒体和技术公司。TRUTH Social是TMTG即将推出的社交媒体平台，它将提供一个渠道，鼓励不分政治意识形态的全球公开对话。TMTG+是该公司基于订阅的视频流服务，预计将包括访问非醒目的娱乐、新闻、纪录片、播客等。要了解更多信息，请访问www.tmtgcorp.com/。
关于Digital World Acquisition Corp. (NASDAQ: DWAC)
Digital World Acquisition Corp.于2021年9月完成了首次公开募股，筹集了约2.93亿美元的现金收益，目的是与一家或多家企业进行合并、资本股票交换、资产收购、股票购买、重组或类似的业务组合。DWAC的战略是确定并完成与以技术为重点的市场领先公司的业务合并。
拟议的业务合并
DWAC于2021年10月20日宣布了与TMTG的最终合并协议。
一旦成功完成合并，DWAC的股东将成为上市公司TMTG的股东。有关DWAC的更多信息，请访问www.dwacspac.com/。有关拟议的业务合并的其他信息，包括合并协议的副本，可在DWAC向美国证券交易委员会（"SEC"）提交的8-K表格的当前报告中找到，也可在www.sec.gov。
拟议中的企业合并征集活动的参与者
DWAC、TMTG及其各自的董事、执行官员、其他管理层成员和雇员可能被视为参与了向公司股东征集有关拟议业务合并的代表权的工作。投资者和证券持有人可在本公司向美国证券交易委员会提交的文件中获得有关本公司董事和高管的姓名和在企业合并中的权益的更多详细信息，包括将向美国证券交易委员会提交的S-4表登记声明（"登记声明"），有关TMTG董事和高管的此类信息也将包括在登记声明中。
前瞻性声明
本通讯包含联邦证券法意义上的某些前瞻性声明，涉及拟议的PIPE和TMTG与公司之间的拟议业务合并，包括但不限于有关PIPE和业务合并的预期收益、PIPE和业务合并的预期时间、隐含的企业价值等声明。TMTG和合并后公司的未来财务状况和业绩，以及PIPE和业务合并的预期财务影响，PIPE和业务合并的成交条件的满足，公司公众股东的赎回水平，产品和市场以及TMTG的预期未来业绩和市场机会。这些前瞻性声明一般用 "相信"、"计划"、"预期"、"预计"、"打算"、"战略"、"未来"、"机会"、"计划"、"可能"、"应该"、"将"、"将继续"、"将可能产生 "和类似表述来标识，但没有这些字眼并不意味着声明不是前瞻性的。前瞻性声明是对未来事件的预测、推测和其他声明，是基于当前的预期和假设，因此受到风险和不确定性的影响。
许多因素可能导致未来的实际事件与本新闻稿中的前瞻性陈述有实质性的差异，包括但不限于。(i) PIPE或业务合并可能无法及时完成或根本无法完成的风险，这可能对公司证券的价格产生不利影响；(ii) 业务合并可能无法在公司的业务合并期限前完成的风险，以及如果公司寻求延长业务合并期限，可能无法获得延长。(iii) 未能满足完成PIPE或业务合并的条件，包括本公司股东对PIPE和合并协议的批准；(iv) 在决定是否进行拟议的业务合并时可能缺乏第三方公平意见。(v) 发生任何可能导致合并协议终止的事件、变化或其他情况； (vi) 在公司股东进行任何赎回后，未能达到最低可用现金数额。(vii) 赎回超过最高门槛或未能达到纳斯达克股票市场与预期交易的完成有关的初始上市标准； (viii) 宣布或暂停PIPE或业务合并对TMTG的业务关系、经营业绩和一般业务的影响。(ix) 拟议的业务合并扰乱了TMTG目前的计划和运营的风险； (x) 可能对TMTG或对公司提起的与PIPE、合并协议或拟议的业务合并有关的任何法律诉讼的结果。(xi) 美国证券交易委员会或其他监管机构对PIPE、合并协议或业务合并进行任何调查的风险，以及它们对完成交易可能产生的影响；(xii) TMTG所竞争的数字广告市场的变化，包括其竞争格局、技术演变或监管变化；(xiii) 国内和全球总体经济状况的变化。(xiv) TMTG可能无法执行其增长战略的风险；(xv) 与正在进行的COVID-19大流行病和应对措施有关的风险；(xvi) TMTG可能无法制定和维持有效的内部控制。(xvii)与PIPE和业务合并有关的成本，以及未能实现业务合并的预期收益或未能实现估计的预估结果和基本假设，包括与估计的股东赎回有关的因素；以及(xviii)本公司向美国证券交易委员会提交的文件中讨论的那些因素以及将包含在与拟议业务合并有关的注册声明中的那些因素。上述因素的清单并不详尽。你应该仔细考虑上述因素以及其他风险和不确定因素，这些因素将在注册声明的 "风险因素 "部分和公司不时向美国证券交易委员会提交的其他文件中描述。这些文件确定并处理了其他重要的风险和不确定性，这些风险和不确定性可能导致实际事件和结果与前瞻性陈述中的内容有实质性的差异。前瞻性声明仅在其发表之日有效。提醒读者不要过分依赖前瞻性声明，尽管TMT集团和公司可能选择在未来某个时间更新这些前瞻性声明，但他们不承担更新或修订这些前瞻性声明的义务，无论是由于新信息、未来事件还是其他原因。TMTG和本公司都不保证TMTG或本公司或合并后的公司将实现其预期。
其他信息和查找信息的地点/非征集信息
就拟议的PIPE和拟议的业务合并而言，公司打算向美国证券交易委员会提交8-K表和注册声明，其中将包括初步代理声明/招股说明书和代理声明/招股说明书。 建议本公司的股东和其他有兴趣的人在注册声明，包括初步代理声明/招股说明书及其修正案和最终代理声明/招股说明书以及因业务合并而纳入其中的文件提供时阅读，因为这些材料将包含有关本公司、TMTG、合并协议和业务合并的重要信息。当有机会时，最终的代理声明/章程和其他有关企业合并的材料将被邮寄给本公司的股东，记录日期将为企业合并的投票而确定。
关于拟议的PIPE和拟议的业务合并，本公司打算向美国证券交易委员会提交一份8-K表格和注册声明，其中将包括一份初步的代理声明/招股说明书和一份代理声明/招股说明书。 建议本公司的股东和其他有兴趣的人在注册声明，包括初步代理声明/招股说明书及其修正案和最终代理声明/招股说明书以及因业务合并而纳入其中的文件提供时阅读，因为这些材料将包含有关本公司、TMTG、合并协议和业务合并的重要信息。如果有的话，最终的代理声明/章程和其他与企业合并有关的材料将被邮寄给本公司的股东，记录日期有待确定，以便对企业合并投票。公司股东还可以在美国证券交易委员会网站（www.sec.gov）上免费获取注册声明、初步代理声明/招股说明书、最终代理声明/招股说明书以及向美国证券交易委员会提交的其他将被纳入其中的文件的副本，或者直接向以下机构提出请求。Digital World Acquisition Corp., 78 SW 7th Street, Miami, FL 33130。
无要约或招揽
本新闻稿不构成对任何证券或对拟议的业务合并的代理、同意或授权的征求。本新闻稿也不构成出售任何证券的要约或购买要约的招揽，也不得在任何州或司法管辖区出售证券，因为在这些州或司法管辖区的证券法规定的登记或资格之前，这种要约、招揽或出售都是非法的。除非有符合1933年《证券法》第10条（经修订）要求的招股说明书或豁免条款，否则不得进行证券发行。
Donald J. Trump
Trump Media & Technology Group Corp. and Digital World Acquisition Corp. Announce $1 Billion “PIPE” Investment in Committed Capital to Fund Business
PALM BEACH, FL – December 4, 2021 – Trump Media & Technology Group Corp. (“TMTG”) and Digital World Acquisition Corp. (Nasdaq: DWAC), today announced that Digital World Acquisition Corp. (“DWAC”) has entered into subscription agreements for $1 billion in committed capital to be received upon consummation of their business combination (the “PIPE”) from a diverse group of institutional investors.
President Donald J. Trump, Chairman of TMTG, stated, “$1 billion sends an important message to Big Tech that censorship and political discrimination must end. America is ready for TRUTH Social, a platform that will not discriminate on the basis of political ideology. As our balance sheet expands, TMTG will be in a stronger position to fight back against the tyranny of Big Tech.”
Patrick Orlando, Chairman and CEO of Digital World Acquisition Corp., commented, “Our focus on delivering public shareholder value drives our decision-making and by accepting these commitments for a strategic infusion of growth capital, we believe the combined company can grow on an incredibly strong foundation. The liquidity that will be provided to the combined company balance sheet, in excess of the up to $293 million (less expenses) that DWAC may provide, should fortify the strategic positioning of TMTG. I am confident that TMTG can effectively deploy this capital to accelerate and strengthen the execution of its business, including by continuing to attract top talent, hire top technology providers, and roll out significant advertising and business development campaigns.”
Together, the transaction will provide estimated proceeds of approximately $1.25 billion (after deducting estimated deal expenses), assuming full delivery of the amount of cash held in trust by DWAC, to be used to fund operations of the combined entity. The per-share conversion price of the fully committed convertible preferred stock PIPE transaction represents a 20% discount to DWAC’s volume-weighted average closing price (“VWAP”) for the five trading days prior to and including December 1, 2021, subject to downward adjustment. If the VWAP of the combined entity for the 10 trading days after the closing of the business combination (“Closing VWAP”) is at or above $56, no downward adjustment will occur. If the Closing VWAP is below $56, then the conversion price shall be adjusted to the greater of a 40% discount to the Closing VWAP and the floor price of $10.00. The PIPE financing is subject to customary closing conditions, including stockholder and regulatory approval, and is expected to close upon or shortly after the consummation of the business combination.
Exclusive Placement Agent
EF Hutton, division of Benchmark Investments, LLC, is serving as exclusive placement agent and capital markets advisor to DWAC.
Trump Media & Technology Group Corp.
Trump Media & Technology Group Corp. is a social media and technology company. TRUTH Social, TMTG’s forthcoming social media platform, will provide an outlet that encourages open global conversation without discrimination on the basis of political ideology. TMTG+, the company’s subscription-based video streaming service, is expected to include access to non-woke entertainment, news, documentaries, podcasts and more. To learn more, please visit www.tmtgcorp.com/.
About Digital World Acquisition Corp. (NASDAQ: DWAC)
Digital World Acquisition Corp. completed its initial public offering in September 2021, raising approximately $293 million in cash proceeds for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. DWAC’s strategy is to identify and complete business combinations with technology-focused, market leading companies.
Proposed Business Combination
DWAC announced a definitive merger agreement with TMTG on October 20, 2021.
Upon a successful merger completion, DWAC shareholders will become shareholders in the public company, TMTG. For more information on DWAC, please visit www.dwacspac.com/. Additional information about the proposed business combination, including a copy of the merger agreement, is available in a Current Report on Form 8-K filed by DWAC with the U.S. Securities and Exchange Commission (the “SEC”) and at www.sec.gov.
Participants in the Proposed Business Combination Solicitation
DWAC, TMTG and their respective directors, executive officers, other members of management and employees may be deemed participants in the solicitation of proxies from the Company’s stockholders with respect to the proposed business combination. Investors and securityholders may obtain more detailed information regarding the names and interests in the business combination of the Company’s directors and officers in the Company’s filings with the SEC, including the registration statement on Form S-4 (the “Registration Statement”) to be filed with the SEC, and such information with respect to TMTG’s directors and executive officers will also be included in the Registration Statement.
Forward Looking Statements
This communication contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed PIPE and the proposed business combination between TMTG and the Company, including without limitation statements regarding the anticipated benefits of the PIPE and the business combination, the anticipated timing of the PIPE and the business combination, the implied enterprise value, future financial condition and performance of TMTG and the combined company after the closing and expected financial impact of the PIPE and the business combination, the satisfaction of closing conditions to the PIPE and the business combination, the level of redemptions of the Company’s public stockholders, the products and markets and expected future performance and market opportunities of TMTG. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.
Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the PIPE or the business combination may not be completed in a timely manner or at all, which may adversely affect the price of the Company’s securities; (ii) the risk that the business combination may not be completed by the Company’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by the Company; (iii) the failure to satisfy the conditions to the consummation of the PIPE or the business combination, including the approval of the PIPE and the merger agreement by the stockholders of the Company; (iv) the potential lack of a third-party fairness opinion in determining whether or not to pursue the proposed business combination; (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; (vi) the failure to achieve the minimum amount of cash available following any redemptions by Company stockholders; (vii) redemptions exceeding a maximum threshold or the failure to meet The Nasdaq Stock Market’s initial listing standards in connection with the consummation of the contemplated transactions; (viii) the effect of the announcement or pendency of the PIPE or the business combination on TMTG’s business relationships, operating results, and business generally; (ix) risks that the proposed business combination disrupts current plans and operations of TMTG; (x) the outcome of any legal proceedings that may be instituted against TMTG or against the Company related to the PIPE, the merger agreement or the proposed business combination; (xi) the risk of any investigations by the SEC or other regulatory authority relating to the PIPE, the merger agreement or the business combination and the impact they may have on consummating the transactions; (xii) changes in the digital advertising markets in which TMTG competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (xiii) changes in domestic and global general economic conditions; (xiv) the risk that TMTG may not be able to execute its growth strategies; (xv) risks related to the ongoing COVID-19 pandemic and response; (xvi) the risk that TMTG may not be able to develop and maintain effective internal controls; (xvii) the costs related to the PIPE and the business combination and the failure to realize anticipated benefits of the business combination or to realize estimated pro forma results and underlying assumptions, including with respect to estimated stockholder redemptions; and (xviii) those factors discussed in the Company’s filings with the SEC and that that will be contained in the Registration Statement relating to the proposed business combination. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in the “Risk Factors” section of the Registration Statement and other documents to be filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and while TMTG and the Company may elect to update these forward-looking statements at some point in the future, they assume no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise. Neither of TMTG or the Company gives any assurance that TMTG or the Company, or the combined company, will achieve its expectations.
Additional Information and Where to Find It / Non-Solicitation
In connection with the proposed PIPE and the proposed business combination, the Company intends to file with the SEC a Form 8-K and the Registration Statement, which will include a preliminary proxy statement/prospectus and a proxy statement/prospectus. The Company’s stockholders and other interested persons are advised to read, when available, the Registration Statement, including the preliminary proxy statement/prospectus and the amendments thereto and the definitive proxy statement/prospectus and documents incorporated by reference therein filed in connection with the business combination, as these materials will contain important information about the Company, TMTG, the merger agreement and the business combination. When available, the definitive proxy statement/prospectus and other relevant materials for the business combination will be mailed to stockholders of the Company as of a record date to be established for voting on the business combination. Stockholders of the Company will also be able to obtain copies of the Registration Statement, the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other documents filed with the SEC that will be incorporated by reference therein, without charge, once available, at the SEC’s web site at www.sec.gov, or by directing a request to: Digital World Acquisition Corp., 78 SW 7th Street, Miami, FL 33130.
No Offer or Solicitation
This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.