Trump Media and Technology Group (NASDAQ: DJT), the parent entity of the Truth Social platform, the Truth Plus content streaming service, and the soon-to-be-launched asset management and ETF service under the Truth.Fi banner, has tabled some interesting proposals for consideration during its upcoming annual general meeting (AGM) of the shareholders.
To wit, Trump Media and Technology Group is slated to hold its next AGM on the 30th of April, 2025. Ahead of the meeting, the company has tabled six proposals for its shareholders to consider, including one that would see Trump Media reincorporated in Florida from Delaware, and another one that would automatically add 5 percent of the-then outstanding common shares each year between 2026 and 2034 to its available share pool under the A&R equity compensation plan, leading to an addition of ~11 million shares (final figure depends on how many shares remain outstanding at the end of each year) to its authorized share pool in 2026.
Bear in mind that as of the 11th of March, Trump Media and Technology Group had 220,412,316 common shares outstanding.
$DJT | TRUMP MEDIA & TECHNOLOGY: CEO DEVIN NUNES 2024 TOTAL COMPENSATION $46.9 MLN
— Wall St Engine (@wallstengine) March 18, 2025
This comes as Devin Nunes, the CEO of Trump Media and Technology Group, earned a total compensation of $46.9 million in 2024.
Bear in mind that Trump Media has yet to show any material earnings. For the year that ended on the 31st of December, the company reported just $3.6 million in sales. What's more, when you remove the amortization of deferred revenue from this figure, actual billings for the year amount to just ~$200,000.
Meanwhile, with its core business under the Truth Social brand largely stagnant, Trump Media and Technology Group is working hard to diversify its revenue sources. As we previously reported, the company's board has now approved the diversion of up to $250 million from its current reserve of around $700 million in cash and cash equivalents towards setting up customized Separately Managed Accounts (SMAs) and ETFs, including one dedicated to Bitcoin, under the Truth.Fi banner and in partnership with Charles Schwab and Yorkville advisors.
Note:
An earlier version of the article implied that around 11 million shares would be added to Trump Media's share pool by 2034. This figure is for 2026. The error has been corrected.
About the author: Writing is my one incontrovertible passion. Over the past six years, he has authored over 2,200 distinct articles on financial and tech-related topics, spanning nearly 1 million words. And he has been a member of Wcctech mobile team since 2025. As an alumnus of the University of Toronto, Rotman Commerce Program, I bring nuance, in-depth knowledge, and a unique perspective to every topic that I cover. When I'm not writing, I'm traveling the world, exploring hidden confectionaries and restaurants as an aspiring food connoisseur.
Follow Wccftech on Google to get more of our news coverage in your feeds.
