Zorax
8 hours ago
Over 50% off bottom! Sweet!What evil evil men do. orlando shady bridge loan. CFO Phillip Juhan kept the money anyways.
In early 2022, TMTG launched Truth Social, a Twitter-copycat app.k and Instagram, but Trump has claimed he will remain exclusively on Truth Social.
Trump Media & Technology Group previously announced plans to combine with Miami-based Digital World Acquisition Corp., a special purpose acquisition company (SPAC), to become a publicly traded entity. The deal would provide TMTG with up to $1.3 billion in capital, according DWAC filings. TMTG is led by CEO Devin Nunes, the former congressman who once unsuccessfully sued Twitter alleging in part he was defamed by anonymous parody accounts “Devin Nunes’ Mom” and “Devin Nunes’ Cow.”
In June 2022, Digital World disclosed that it had received subpoenas in a federal grand jury investigation in the U.S. Justice Department’s Southern District of New York seeking information on its financial dealings in connection with the planned merger with Trump Media & Technology Group. DWAC previously revealed its proposed TMTG deal also was being probed by the SEC.
After the DWAC-TMTG merger was delayed by the SEC investigation, Trump Media & Technology Group “was on the brink of collapse” and “needed a bridge loan to keep the company afloat,” according to the Guardian report. The $8 million in loans, facilitated by DWAC CEO Patrick Orlando, were traced to Paxum Bank, registered in the Caribbean nation of Dominica; one of the bank’s directors, Anton Postolnikov, “appears to be a relation” of Russian businessman and close Putin ally Aleksandr Smirnov, per the Guardian report.
Prosecutors appeared to have “taken a special interest” in Paxum Bank’s payments to TMTG because the bank “has a history of providing banking services for the pornography and sex worker industries, which makes it higher risk of engaging in money laundering and other illicit financing,” according to the Guardian report.
The “obscure origins” of the $8 million in loans “caused alarm at Trump Media” and in the spring of 2022, the company’s then-CFO Phillip Juhan “weighed returning the money,” the Guardian reported, citing an interview with ousted TMTG co-founder Will Wilkerson. The money was not returned in part because Trump Media only had roughly $12 million in cash on hand at the time, Wilkerson told the Guardian....
Not the first time.
https://www.investing.com/news/insider-trading-news/trump-media--technology-cfo-juhan-phillip-sells-shares-worth-431621-93CH-3925601
Juhan Phillip, the Chief Financial Officer and Treasurer of Trump Media & Technology Group Corp. (NASDAQ:DJT), recently sold a significant portion of the company’s common stock. According to a Form 4 filing with the Securities and Exchange Commission, Phillip sold a total of 21,059 shares on March 10, 2025. The sales were executed at prices ranging from $20.08 to $21.81 per share, totaling approximately $431,621.
Following these transactions, Phillip retains ownership of 220,577 shares of Trump Media & Technology Group. The company’s shares are traded under the ticker DJT on the NASDAQ exchange.
Wondered who juhan was. Guess he's proficient in bankrupting companies like his boss. Somehow he rates higher than orlando or nunes...last years news almost to the day. Nothing has changed except orlando went into hiding right after the SEC investigation.
The finance boss of Donald Trump’s media company earned 4 times as much as CEO Devin Nunes, new documents show
Fortune
Amanda Gerut
April 15, 2024 3 min read
Amid questions about the accounting firm auditing Trump Media & Technology Group’s financial records, company documents show that the platform’s chief financial officer made four times as much as CEO Devin Nunes in stock awards.
The company’s registration documents show that Nunes, who was a GOP congressman representing Southern California prior to being named TMTG’s CEO in 2022, got paid $750,000 in fiscal years 2022 and 2023. That’s substantially more than CFO Phillip Juhan’s base salary of $312,500 and $337,500 in the same years, respectively. And when it was still private, TMTG issued promissory notes to each of its named executive officers including Nunes, Juhan, and chief operating officer Andrew Northwall. The amounts of the promissory notes were $1.2 million for Nunes, $4.9 million for Juhan, and $200,000 for Northwall. The company set aside another $650,000 in promissory notes for other executives who aren’t among that trio, TMTG said.
After TMTG combined with blank-check company Digital World Acquisition Corp., which runs the social media platform Truth Social, the notes were automatically converted to 625,000 shares of common stock. That translated into 115,000 shares for Nunes, 490,000 for Juhan, and 20,000 shares for Northwall.
A spokesperson for the company did not immediately respond to Fortune’s request for comment.
The filing comes as questions have arisen about the company’s accounting firm, BF Borgers, which is based in Lakewood, Colo. The Public Company Accounting Oversight Board found deficiencies in each audit it reviewed in two yearly checkups. The Financial Times reported Monday that TMTG quickly hired that firm after its first choice, WithumSmith+Brown, resigned.
The company’s stock price has dropped nearly 60% since it went public, with share prices falling further today to $26.61. The stock fell 15% this morning after the company announced that it might sell 146.1 million shares, plus former President Donald Trump’s stake, which includes 114.8 million shares. Trump owns about 58% of the company, and he stands to take in another 36 million in what are called earnout shares if the company can hit certain performance benchmarks.
As for its executives, Nunes’s base salary rose to $1 million this year, and he’ll be eligible to participate in the bonus plan if there is one. He also got an initial incentive grant of 145,000 restricted stock units (RSUs) that was later amended to a retention bonus of $600,000 in cash, the company said.
Juhan’s agreement called for an initial equity grant of 520,000 RSUs that was also amended to $600,000 in cash. Juhan got a pay bump to $365,000 a year as well.
Northwall, too, received the same $600,000 cash bonus instead of 50,000 RSUs.
Juhan was previously CFO at fitness-club chain Town Sports International Holdings, which closed during the pandemic. The company was unable to refinance its $180 million term loan that came due and was forced to file for bankruptcy, TMTG said.
Zorax
3 days ago
Nice. You just linked to the announcement of the PR. Not the pr. One has to figure out where the link is.
But here's a snip of the nonsense pump pr. Actually, this is a repeat from a maybe a month ago. Looking to bump the price again with headfakes so they can wash trade the false hype.
Of course a hour and a half before retail opening. When it's illegal grifting they announse late after close, when it's for pumping it's always before opening with this obvious penny scam.
Trump Media, Crypto.com, and Yorkville America Digital Finalize Agreement for ETF Launch
America-First Investment Funds Slated to Launch in 2025
SARASOTA, Fla., April 22, 2025 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) (“TMTG” or the “Company”), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, has signed a binding agreement to partner with Crypto.com, America’s premier crypto trading platform, and Yorkville America Digital, an America-First asset management firm, to launch a series of exchange-traded funds and exchange-traded products (collectively, “ETFs”) through the Truth.Fi brand.
The deal follows a non-binding agreement signed between the companies in March. Davis Polk & Wardwell LLP will be advising the parties on the development and launch of the products.
The ETFs, made available through Crypto.com’s broker dealer Foris Capital US LLC, are expected to comprise digital assets as well as securities with a Made in America focus spanning diverse industries such as energy. Subject to regulatory approval, the funds are expected to launch later this year and be widely available internationally including in the U.S., Europe, and Asia, across existing platforms and brokerages.
Paulness
3 days ago
NEWS -- Trump Media, Crypto.com, and Yorkville America Digital Finalize Agreement for ETF Launch
Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) ("TMTG" or the "Company"), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, has signed a binding agreement to partner with Crypto.com, America's premier crypto trading platform, and Yorkville America Digital, an America-First asset management firm, to launch a series of exchange-traded funds and exchange-traded products (collectively, "ETFs") through the https://Truth.Fi brand.
The deal follows a non-binding agreement signed between the companies in March. Davis Polk & Wardwell LLP will be advising the parties on the development and launch of the products.
The ETFs, made available through Crypto.com's broker dealer Foris Capital US LLC, are expected to comprise digital assets as well as securities with a Made in America focus spanning diverse industries such as energy. Subject to regulatory approval, the funds are expected to launch later this year and be widely available internationally including in the U.S., Europe, and Asia, across existing platforms and brokerages.
TMTG CEO and Chairman Devin Nunes said, “This agreement is a major step forward in diversifying TMTG into financial services and digital assets. We’re gratified to work with great partners, Crypto.com and Yorkville America Digital, and look forward to bringing ETFs to the market for investors who believe both the American economy and digital assets are poised for tremendous growth.”
“Crypto.com is the leading platform to bridge crypto and traditional finance, and this agreement is a testament to those capabilities,” said Kris Marszalek, Co-Founder and CEO of Crypto.com. “This partnership gives the Trump Media ETFs global distribution powered by the Crypto.com platform. It’s a win for Trump Media, Crypto.com, CRO, and Yorkville America Digital.”
“Finalizing our agreement with Trump Media and Crypto.com for our ETF launch is a significant milestone as we work to bring to market new products that align with the America-First focus of our firm,” said Troy Rillo, CEO of Yorkville America Digital. “This is an exciting moment and we anticipate substantial interest in the ETFs upon their launch later this year.”
The ETFs are planned to launch alongside a slate of https://Truth.Fi Separately Managed Accounts (SMAs). The ETFs and SMAs, both of which TMTG is planning to invest in via its own cash reserves, are part of a TMTG financial services and FinTech strategy using up to $250 million to be custodied by Charles Schwab.
About TMTG
The mission of TMTG is to end Big Tech's s assault on free speech by opening up the Internet and giving people their voices back. TMTG operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations, as well as Truth+, a TV streaming platform focusing on family-friendly live TV channels and on-demand content. TMTG is also launching https://Truth.Fi, a financial services and FinTech brand incorporating America First investment vehicles.
About Crypto.com
Founded in 2016, Crypto.com is trusted by more than 140 million customers worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet™. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem. Learn more at https://crypto.com.
About Yorkville America Digital
Yorkville America Digital, a Florida-based asset management firm, specializes in providing branded investment products centered around the digital asset industry and Made in America businesses. With extensive knowledge of capital markets and the securities industry, Yorkville America Digital caters to the specific needs of its clients by offering tailored investment products.
Cautionary Statement About Forward-Looking Statements
Certain statements in this press release constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Statements contained in this press release that are not historical facts are forward-looking statements and include, for example, statements regarding, among other things, the plans, strategies, and prospects, both business and financial, of TMTG, Truth.Fi, and its products and services. We have based these forward-looking statements on our current expectations about future events, including the rollout of products and features and the future plans, regulatory approval, timing and potential success of our future collaborations. The forward-looking statements included in this press release are based on our current beliefs and expectations of our management as of the date of this press release. These statements are not guarantees or indicative of future performance. Although we believe that our plans, intentions, and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions, or expectations. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "soon," "goal," "intends," or similar expressions. Forward-looking statements are not guarantees of future performance, and involve risks, uncertainties and assumptions that may cause our actual results to differ materially from the expectations that we describe in our forward-looking statements. There may be events in the future that we are not accurately able to predict, or over which we have no control. Important assumptions and other important factors that could cause actual results to differ materially from those forward- looking statements include, but are not limited to, our ability to recognize the anticipated benefits of Truth.Fi and our future collaborations; the possibility that we may be adversely impacted by economic, business, and/or competitive factors; our ability to develop and launch new products and offerings; our ability to obtain regulatory approval; our limited operating history making it difficult to evaluate our business and prospects; our inability to effectively manage future growth and achieve operational efficiencies; our inability to grow or maintain our active user base; our inability to achieve or maintain profitability; occurrence of a cyber incident resulting in information theft, data corruption, operational disruption and/or financial loss; potential diversion of management's attention and consumption of resources as a result of new products and strategies; and those additional risks, uncertainties and factors described in more detail under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024, and in our other filings with the Securities and Exchange Commission. We do not intend, and, except as required by law, we undertake no obligation, to update any of our forward-looking statements after the issuance of this press release to reflect any future events or circumstances. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.
Investor Relations Contact
Shannon Devine (MZ Group | Managing Director - MZ North America)
Email: mailto://shannon.devine@mzgroup.us
Media Contact
mailto://press@tmtgcorp.com
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