Digital World Acquisition Corp., a Delaware corporation
(DWAC), intends to file with the U.S. Securities and Exchange Commission (the SEC) a registration statement on Form S-4 (as may be amended from
time to time, the Registration Statement), which will include a preliminary proxy statement of DWAC, and a prospectus in connection with the proposed business combination transaction (the Business
Combination) involving DWAC and Trump Media & Technology Group Corp., a Delaware corporation (TMTG). The definitive proxy statement and other relevant documents will be mailed to
stockholders of DWAC as of a record date to be established for voting on the Business Combination. Securityholders of DWAC and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus, and amendments
thereto, and the definitive proxy statement/prospectus in connection with DWACs solicitation of proxies for the special meetings to be held to approve the Business Combination because these documents will contain important information about
DWAC, TMTG and the Business Combination. DWAC securityholders and other interested persons will also be able to obtain copies of the Registration Statement and the proxy statement/prospectus, without charge, once available, on the SECs website
at www.sec.gov or by directing a request to: Digital World Acquisition Corp., 78 SW 7th Street, Miami, FL 33130.
Participants in the
Solicitation
DWAC and TMTG and certain of their respective directors, executive officers, other members of management and
employees, under SEC rules, may be deemed to be participants in the solicitation of proxies from the securityholders of DWAC in favor of the approval of the Business Combination. Securityholders of DWAC and other interested persons may obtain more
information regarding the names and interests in the proposed Business Combination of DWACs directors and officers in DWACs filings with the SEC, including the Registration Statement to be filed with the SEC, which will also contain the
names and interests in the proposed Business Combination of TMTGs directors and officers. These documents can be obtained free of charge from the sources indicated above.
Forward-Looking Statements
This Current Report on Form 8-K contains certain forward-looking statements within the meaning of
the federal securities laws with respect to the appointment of TMTG management, including without limitation statements regarding the anticipated benefits of the appointment, future financial condition and performance of TMTG and the combined
company after the closing and 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 Current Report on Form 8-K, including but not limited to: (i) the risk that the Business Combination and the PIPE may not be completed in a timely manner or at all, which may adversely affect the price of DWACs securities,
(ii) the risk that the Business Combination may not be completed by DWACs Business Combination deadline and the potential failure to obtain an extension of the Business Combination deadline if sought by DWAC, (iii) the failure to
satisfy the conditions to the consummation of the Business Combination or the PIPE, including the approval of the merger agreement by the stockholders of DWAC, (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 DWAC stockholders, (vii) redemptions exceeding a maximum threshold or the failure to meet The Nasdaq Stock Markets 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 TMTGs business relationships, operating results, and business generally, (ix) risks that the Business Combination disrupts
current plans and operations of TMTG, (x) the outcome of any legal proceedings that may be instituted against TMTG or against DWAC related to the merger agreement or the 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) the timing of the roll-out of
TruthSocial, TMTGs initial product, and its ability to generate users and advertisers, (xiii) changes in domestic and global general economic conditions; (xiv) risk that TMTG may not be able to execute its growth