v3.25.2
RECAPITALIZATION (Tables)
 6 Months Ended
Jun. 30, 2025
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 consolidated statements of cash flows and the consolidated statements of changes in stockholders’ equity (deficit) for the year ended December 31, 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
    
87,500,000
  
Shares issued to former TMTG convertible noteholders
    
7,854,534
  
Common stock immediately after the Business Combination (1)
    
136,700,583
  

(1)
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