Trump Media & Technology Group Corp.DJT
Cash in trust
$311M
$310,623,083
Trust per share
$10.80
Redemption value
IPO
Sep 2021
—
Combination deadline
—
Not disclosed
Filings on record
709
Latest Oct 22, 2026
Business combination
- Target
- Not disclosed in an indexed filing
- Announced
- Oct 21, 2021
- Closed
- Mar 30, 2024
Overview
Trump Media & Technology Group Corp. is a special purpose acquisition company incorporated in Florida and registered with the SEC under CIK 0001849635. It completed its initial public offering in Sep 2021 and listing on Nasdaq. Class A shares trade under the ticker DJT on Nasdaq. The vehicle is sponsored by ARC Global through ARC Global Investments II LLC. The mandate targets technology, financial services, healthcare. Business combination closed; the company trades under a new ticker.
“we intend to focus our search on middle-market emerging growth technology-focused companies in the Americas, in the SaaS and Technology or Fintech and Financial Services sector.”
Reading the filings
Arithmetic on what Trump Media & Technology Group Corp. has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Trust versus the $10 unit
The trust holds $10.80 per public share, 8.0% above the $10.00 the units were sold at. That spread is accrued interest on the trust and, where the charter provides for it, sponsor contributions paid in to buy more time. It is the floor a public shareholder can redeem at, not a valuation of the business.
Warrant coverage
Each unit carried one-half warrant per unit. Warrants are dilution deferred: they cost the holder nothing until exercised, and they overhang the post-combination share count. Thinner coverage is generally a sign of a stronger book at pricing.
Sponsor record
ARC Global has launched 3 vehicles. Of the 3 that have resolved, 2 closed a combination and 1 liquidated, a 66.7% completion rate. A sponsor's record is not a forecast, but it does tell you whether the team has taken a deal across the line before.
Underwriting
EF Hutton led the offering. It has been named on 44 SPAC IPOs, book-running 32 of them, and 61.5% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.
709 filings in all. 31 in the last three months, against a busiest month of 48.
News on Trump Media & Technology Group Corp.
Last 90 days- Neutral
- Neutral
- Neutral
- Neutral
- Neutral
- Neutral
- Neutral
- Trump Media Trending After Filing Merger Paperwork with TAE TechnologiesNeutral
Benzinga · 24d ago
News sentiment
NeutralAcross 12 recent stories, weighted towards the newest. Scored by our own headline classifier using finance- and SPAC-specific terms. It reads what a story is about, not what the shares are worth.
SEC filing history
Free tier: filings older than 24 hours- 425
Business-combination communication
Accession 0001437749-26-033275
- DEL AM
FORM DEL AM
Accession 0001437749-26-031872
- 425
Business-combination communication
Accession 0001437749-26-031736
- 425
Business-combination communication
Accession 0001437749-26-031600
- 425
Business-combination communication
Accession 0001437749-26-031536
- 8-K
Entry into a material definitive agreement; Regulation FD disclosure
Items 1.01, 7.01, 9.01 · Accession 0001437749-26-031535
- S-4
Merger registration statement
Accession 0001437749-26-031534
- 8-K
Regulation FD disclosure
Items 7.01, 9.01 · Accession 0001437749-26-029174
- 4
Statement of changes in beneficial ownership
Accession 0001437749-26-028743
- 144
144 filing
Accession 0001921094-26-000936
- 4
Statement of changes in beneficial ownership
Accession 0001437749-26-027765
- 4
Statement of changes in beneficial ownership
Accession 0001437749-26-027763
- 4
Statement of changes in beneficial ownership
Accession 0001437749-26-027761
- 4
Statement of changes in beneficial ownership
Accession 0001437749-26-027758
- 144
144 filing
Accession 0001921094-26-000860
- 144
144 filing
Accession 0001921094-26-000859
- 144
144 filing
Accession 0001921094-26-000858
- 144
144 filing
Accession 0001921094-26-000857
- 425
Business-combination communication
Accession 0001437749-26-027049
- 425
Business-combination communication
Accession 0001437749-26-026839
- 425
Business-combination communication
Accession 0001437749-26-026838
- 425
Business-combination communication
Accession 0001437749-26-026809
- 425
Business-combination communication
Accession 0001437749-26-026798
- 8-K
Current report
Items 2.02, 9.01 · Accession 0001437749-26-026797
- 10-Q
Quarterly report
Accession 0001437749-26-026777
- 8-K
Regulation FD disclosure
Items 7.01, 9.01 · Accession 0001437749-26-026665
- 8-K
Termination of a material definitive agreement
Items 1.02, 9.01 · Accession 0001437749-26-026597
- 8-K
Regulation FD disclosure
Items 7.01, 9.01 · Accession 0001437749-26-026595
- 8-K
Regulation FD disclosure
Items 7.01, 9.01 · Accession 0001437749-26-026265
- 425
Business-combination communication
Accession 0001140361-26-031402
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Trump Media & Technology Group Corp.: questions answered
What is Trump Media & Technology Group Corp. (DJT)?
Trump Media & Technology Group Corp. is a special purpose acquisition company incorporated in Florida and registered with the SEC under CIK 0001849635. It completed its initial public offering in Sep 2021 and listing on Nasdaq. Class A shares trade under the ticker DJT on Nasdaq. The vehicle is sponsored by ARC Global through ARC Global Investments II LLC. The mandate targets technology, financial services, healthcare. Business combination closed; the company trades under a new ticker.
How much does Trump Media & Technology Group Corp. hold in trust?
Approximately $310,623,083, or about $10.80 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must Trump Media & Technology Group Corp. complete a merger?
No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.
What happens if Trump Media & Technology Group Corp. does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in Trump Media & Technology Group Corp., and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $10.80 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
What tickers does Trump Media & Technology Group Corp. trade under?
Class A shares trade as DJT on Nasdaq. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.
Is the trust value the same as the share price for Trump Media & Technology Group Corp.?
No, and the gap between them is the whole trade. Trust per share is a disclosed, contractual figure of $10.80, being what a redeeming holder receives. The market price is whatever the shares change hands at: most recently $6.40, a spread to the redemption value. Quotes on this site are delayed and indicative; confirm on your own venue before trading.
How much dilution do Trump Media & Technology Group Corp.'s founder shares and warrants create?
Each unit also carried one-half warrant per unit, which is dilution deferred until exercise. Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.
Who sponsors Trump Media & Technology Group Corp., and what is their track record?
ARC Global Investments II LLC is the sponsor entity, part of the ARC Global franchise. That franchise has launched 3 vehicles in total, of which 2 closed a combination and 1 liquidated, a 66.7% completion rate on resolved vehicles. Named principals: Patrick Orlando.
Which banks underwrote the Trump Media & Technology Group Corp. IPO?
EF Hutton, B. Riley Securities, Joseph Gunnar &. EF Hutton was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is Trump Media & Technology Group Corp. tradeable, and where?
Yes. DJT returned a live quote of $6.40 on Nasdaq. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.
Is Trump Media & Technology Group Corp. a good investment?
That is not a question this site answers. Trump Media & Technology Group Corp. is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this Trump Media & Technology Group Corp. data come from?
Filings Trump Media & Technology Group Corp. submitted to the SEC under CIK 0001849635: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Oct 25, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
Read the full methodology · What is in the dataset · Report a correction
SPACListing is a reference-data service, not an investment adviser. Nothing here is a recommendation to buy or sell any security.
Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
ARC Global: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
EF Hutton in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Technology SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All completed de-spac transactions
Business combination closed; the company trades under a new ticker.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.