RECAPITALIZATION (Tables)

9 Months Ended

Sep. 30, 2024

Recapitalization [Abstract]

Reconciles Elements of Business Combination to Statements of Cash Flows and Statement of Changes in Stockholders' Equity (Deficit)

The following table reconciles the elements of the Business Combination to the condensed consolidated statements of cash flows and the condensed consolidated statements of changes in stockholders’ equity (deficit) for the period ended September 30, 2024:

Cash-trust and cash, net of redemptions			233,017.5
Add: other assets			-
Less: accrued expenses			(3,292.9	)
Less: notes payable			(10,103.0	)
Reverse recapitalization, net			219,621.6

Number of Shares Common Stock Issued

The number of shares of common stock issued immediately following the consummation of the Business Combination were:

Digital World common stock, outstanding prior to the Business Combination			39,636,904
Shares issued to Digital World convertible noteholders, converted immediately prior to Business Combination			1,709,145
Predecessor TMTG Shares (1)			87,500,000
Shares issued to former TMTG convertible noteholders			7,854,534
Common stock immediately after the Business Combination (2)			136,700,583

(1)

Includes 614,640 shares outstanding and held in escrow.

(2)

Excludes 1,024,517 additional shares issued to former Digital World Class B shareholders in connection with a court order in September 2024.

Number of Predecessor Shares Determined

The number of Predecessor TMTG shares was determined as follows:

		Predecessor TMTG Shares				Shares issued to shareholders of Predecessor TMTG
Common stock			100,000,000				87,500,000
			100,000,000			$	87,500,000