As previously disclosed, Digital World Acquisition Corp., a Delaware corporation (Digital World or the
Company), a direct and wholly owned subsidiary of Digital World (Merger Sub), and Trump Media & Technology Group Corp., a Delaware corporation (TMTG), entered into an Agreement and
Plan of Merger, dated as of October 20, 2021 (as amended by the First Amendment to Agreement and Plan of Merger, dated May 11, 2022, the Second Amendment to Agreement and Plan of Merger, dated August 9, 2023, the Third Amendment to
Agreement and Plan of Merger, dated September 29, 2023, and as it may be further amended or supplemented from time to time, the Merger Agreement), pursuant to which, among other transactions, Merger Sub will merge with and
into TMTG (the Business Combination) with TMTG surviving as a wholly owned subsidiary of Digital World. Upon the consummation of the Business Combination, Digital World will change its name to Trump Media &
Technology Group Corp.
On March 4, 2024, Digital World received written notice from Mr. Patrick Orlando, a director of
the Company and the controlling member of ARC Global Investment II, LLC (ARC), Digital Worlds sponsor, of ARCs resignation, effective as of March 14, 2024, as the Purchaser Representative, as that term
is defined in the Merger Agreement. The notice provided that pursuant to Section 10.14, Mr. Orlando, as the controlling member of ARC, appointed RejuveTotal LLC, a New Mexico Limited Liability Company (Rejuve) as its
replacement and successor Purchaser Representative holding all powers, authority, rights and privileges, conferred by the Merger Agreement upon the original Purchaser Representative. Mr. Orlando is the controlling member of Rejuve
and did not provide a reason for the appointment of Rejuve as the Purchaser Representative.
Additional Information and Where to Find It
Digital World has filed with the SEC a registration statement on Form S-4 (as may be amended from time to
time, the Registration Statement), which has been declared effective as of February 14, 2024 and the Proxy Statement in connection with the proposed business combination pursuant to the Merger Agreement, by and between the
Company, Merger Sub, and TMTG, pursuant to which, among other transactions, Merger Sub will merge with and into TMTG. The Proxy Statement will be mailed to stockholders of Digital World as of the record date for voting on the Business Combination.
Securityholders of Digital World and other interested persons are advised to read the Registration Statement, the Proxy Statement in connection with Digital Worlds solicitation of proxies for the special meeting to be held to approve the
Business Combination, and any related supplements because these documents contain important information about Digital World, TMTG and the Business Combination. Digital Worlds securityholders and other interested persons will also be able to
obtain copies of the Registration Statement, the Proxy Statement and any related supplements, without charge, on the SECs website at www.sec.gov or by directing a request to: Digital World Acquisition Corp., 3109 Grand Ave, #450, Miami, FL
33133.
Participants in Solicitation
Digital World
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 Digital World in favor of
the Business Combination. Securityholders of Digital World and other interested persons may obtain more information regarding the names and interests of Digital Worlds directors and officers in the Business Combination in Digital Worlds
filings with the SEC, including in the Proxy Statement and any related supplements, and the names and interests of TMTGs directors and officers in the proposed Business Combination in the Registration Statement. These documents can be obtained
free of charge from the sources indicated above. TMTG and its officers and directors who are participants in the solicitation do not have any interests in Digital World other than with respect to their interests in the Business Combination.
Forward-Looking Statements
This 8-K may contain certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed Business Combination between the Company and 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