Trump Media Board Votes to Advance Expansion Plans
February 21 2025 - 7:30AM
The Board of Directors of Trump Media and Technology Group Corp.
(Nasdaq: DJT) ("TMTG" or the "Company"), operator of the social
media platform Truth Social, the streaming platform Truth+, and the
FinTech brand Truth.Fi, has voted to authorize the Company’s
leaders to create a strategic acquisition fund with select
investors. The fund’s purpose is to devise and implement financing
strategies for possible mergers and acquisitions in accord with
TMTG’s existing growth strategy.
TMTG is exploring opportunities to partner, merge with and/or
acquire other participants in the growing America First Economy
that would benefit from the Corporation’s technology and
branding—and that are able to function effectively if the
Corporation evolves into a holding company with numerous, largely
autonomous subsidiaries in a variety of industries.
TMTG CEO and Chairman Devin Nunes said, "TMTG aims to grow
robustly with great strategic partners who share our mission. We’re
hoping to expand our tech footprint even as we branch out into
finance and other industries. The America First economy is a
fantastic sector with enormous potential, and we want all its
participants to know that TMTG intends to make this market even
greater."
TMTG recently announced the launch of its FinTech and financial
sectors brand, Truth.Fi, which will incorporate customized
exchange-traded funds ("ETFs") and customized separately managed
accounts ("SMAs"). These vehicles are components of a
Board-approved financial services and FinTech strategy that
includes the investment of up to $250 million to be custodied by
Charles Schwab, which will partner with TMTG to develop the
SMAs.
About TMTG
The mission of TMTG is to end Big Tech's s assault on free
speech by opening up the Internet and giving people their voices
back. TMTG operates Truth Social, a social media platform
established as a safe harbor for free expression amid increasingly
harsh censorship by Big Tech corporations, as well as Truth+, a TV
streaming platform focusing on family-friendly live TV channels and
on-demand content. TMTG is also launching Truth.Fi, a financial
services and FinTech brand incorporating America First investment
vehicles.
Cautionary Statement About Forward-Looking
Statements
Certain statements in this press release constitute
"forward-looking statements" within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. Statements contained in
this press release that are not historical facts are
forward-looking statements and include, for example, statements
regarding, among other things, the plans, strategies, and
prospects, both business and financial, of TMTG. We have based
these forward-looking statements on our current expectations about
future events, including the rollout of products and features and
the future plans, timing and potential success of our future
collaborations. The forward-looking statements included in this
press release are based on our current beliefs and expectations of
our management as of the date of this press release. These
statements are not guarantees or indicative of future performance.
Although we believe that our plans, intentions, and expectations
reflected in or suggested by these forward-looking statements are
reasonable, we cannot assure you that we will achieve or realize
these plans, intentions, or expectations. Forward-looking
statements are inherently subject to risks, uncertainties, and
assumptions. Generally, statements that are not historical facts,
including statements concerning possible or assumed future actions,
business strategies, events, or results of operations, are
forward-looking statements. These statements may be preceded by,
followed by, or include the words "believes," "estimates,"
"expects," "projects," "forecasts," "may," "will," "should,"
"seeks," "plans," "scheduled," "anticipates," "soon," "goal,"
"intends," or similar expressions. Forward-looking statements are
not guarantees of future performance, and involve risks,
uncertainties and assumptions that may cause our actual results to
differ materially from the expectations that we describe in our
forward-looking statements. There may be events in the future that
we are not accurately able to predict, or over which we have no
control. Important assumptions and other important factors
that could cause actual results to differ materially from those
forward-looking statements include, but are not limited to, our
ability to recognize the anticipated benefits of Truth.Fi and our
future collaborations; the possibility that we may be adversely
impacted by economic, business, and/or competitive factors; our
limited operating history making it difficult to evaluate our
business and prospects; our inability to effectively manage future
growth and achieve operational efficiencies; our inability to grow
or maintain our active user base; our inability to achieve or
maintain profitability; occurrence of a cyber incident resulting in
information theft, data corruption, operational disruption and/or
financial loss; potential diversion of management's attention and
consumption of resources as a result of new products and
strategies; and those additional risks, uncertainties and factors
described in more detail under the caption "Risk Factors" in
our Annual Report on Form 10-K for the fiscal year ended
December 31, 2024, and in our other filings with the Securities and
Exchange Commission. We do not intend, and, except as required by
law, we undertake no obligation, to update any of our
forward-looking statements after the issuance of this press release
to reflect any future events or circumstances. Given these risks
and uncertainties, readers are cautioned not to place undue
reliance on such forward-looking statements.
Investor Relations Contact
Shannon Devine (MZ Group | Managing Director - MZ North
America)Email: shannon.devine@mzgroup.us
Media Contact
press@tmtgcorp.com
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