Digital World Corp (DWAC) has released an update.
Digital World Acquisition Corp. has entered into a Retention Bonus Agreement with Trump Media & Technology Group Corp. to retain key personnel during their proposed business merger. The agreement, effective February 12, 2024, outlines up to $6.38 million in cash bonuses for employees who remain with the company until the deal is finalized. The bonus payment is contingent upon employees’ continued affiliation with TMTG and is not a liability to the individual recipients but an obligation solely to TMTG. This strategic move is a part of the comprehensive merger plans, aiming to ensure a smooth transition and maintain operational continuity.
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