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An update from Truth Social (DJT) is now available.
On July 3, 2024, Trump Media & Technology Group Corp. (TMTG) acquired key assets and technology for its Truth platform from WorldConnect Technologies and related companies, including exclusive CDN technology and source code, with future plans for streaming services expansion. The complex agreement involved the issuance of up to 5.1 million shares of TMTG’s common stock and various restrictions on stock resale. Alongside this asset acquisition, TMTG entered into a registration rights agreement to register these shares for resale with the SEC, while also announcing the closure of the deal via a press release. This strategic move is aimed at bolstering TMTG’s content delivery network, with the company not currently planning to exercise additional rights to purchase the technology provider outright.
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