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PALM Seaside, Fla., Dec. 04, 2021 (Globe NEWSWIRE) — Trump Media & Technology Group Corp. (“TMTG”) and Electronic Environment Acquisition Corp. (Nasdaq: DWAC), these days declared that Digital Entire world Acquisition Corp. (“DWAC”) has entered into membership agreements for $1 billion in fully commited funds to be been given upon consummation of their company mixture (the “PIPE”) from a assorted team of institutional investors.

President Donald J. Trump, Chairman of TMTG, stated, “$1 billion sends an crucial message to Huge Tech that censorship and political discrimination will have to finish. America is prepared for Truth of the matter Social, a system that will not discriminate on the basis of political ideology. As our harmony sheet expands, TMTG will be in a more robust placement to battle back again in opposition to the tyranny of Massive Tech.”

Patrick Orlando, Chairman and CEO of Digital Earth Acquisition Corp., commented, “Our concentration on delivering general public shareholder value drives our conclusion-building and by accepting these commitments for a strategic infusion of growth money, we imagine the mixed company can expand on an unbelievably strong foundation. The liquidity that will be furnished to the put together organization balance sheet, in excess of the up to $293 million (a lot less expenditures) that DWAC may well deliver, must fortify the strategic positioning of TMTG. I am assured that TMTG can correctly deploy this funds to accelerate and bolster the execution of its enterprise, like by continuing to catch the attention of leading expertise, employ top rated technologies vendors, and roll out major advertising and small business advancement strategies.”

Alongside one another, the transaction will present estimated proceeds of approximately $1.25 billion (just after deducting approximated deal bills), assuming full delivery of the sum of cash held in have faith in by DWAC, to be used to fund operations of the mixed entity. The for every-share conversion price of the completely dedicated convertible favored inventory PIPE transaction represents a 20% low cost to DWAC’s volume-weighted normal closing selling price (“VWAP”) for the five trading times prior to and together with December 1, 2021, topic to downward adjustment. If the VWAP of the put together entity for the 10 investing days just after the closing of the business combination (“Closing VWAP”) is at or higher than $56, no downward adjustment will arise. If the Closing VWAP is underneath $56, then the conversion rate shall be altered to the better of a 40% lower price to the Closing VWAP and the flooring rate of $10.00. The PIPE financing is subject matter to customary closing problems, including stockholder and regulatory acceptance, and is anticipated to near upon or soon soon after the consummation of the company mix.

Distinctive Placement Agent

EF Hutton, division of Benchmark Investments, LLC, is serving as unique placement agent and money markets advisor to DWAC.

Trump Media & Technological innovation Group Corp.

Trump Media & Technologies Team Corp. is a social media and technologies company. Fact Social, TMTG’s forthcoming social media system, will deliver an outlet that encourages open up world wide conversation devoid of discrimination on the foundation of political ideology. TMTG+, the company’s membership-dependent online video streaming service, is envisioned to include accessibility to non-woke leisure, news, documentaries, podcasts and much more. To discover more, please take a look at

About Electronic Globe Acquisition Corp. (NASDAQ: DWAC)

Electronic Earth Acquisition Corp. finished its preliminary community supplying in September 2021, raising roughly $293 million in dollars proceeds for the intent of effecting a merger, funds stock trade, asset acquisition, stock acquire, reorganization or similar business enterprise mix with just one or extra firms. DWAC’s strategy is to determine and finish enterprise mixtures with technological know-how-concentrated, market primary firms.

Proposed Organization Blend

DWAC introduced a definitive merger arrangement with TMTG on Oct 20, 2021. On a productive merger completion, DWAC shareholders will develop into shareholders in the community business, TMTG. For more details on DWAC, be sure to stop by Extra data about the proposed company mix, including a copy of the merger arrangement, is offered in a Latest Report on Variety 8-K filed by DWAC with the U.S. Securities and Trade Commission (the “SEC”) and at

Participants in the Proposed Enterprise Combination Solicitation

DWAC, TMTG and their respective directors, government officers, other users of management and staff might be considered members in the solicitation of proxies from the Company’s stockholders with respect to the proposed enterprise blend. Buyers and securityholders might obtain far more thorough data regarding the names and pursuits in the business enterprise combination of the Company’s directors and officers in the Company’s filings with the SEC, like the registration assertion on Kind S-4 (the “Registration Statement”) to be filed with the SEC, and these kinds of details with regard to TMTG’s administrators and executive officers will also be integrated in the Registration Statement.

Forward Looking Statements

This communication is made up of selected forward-seeking statements in just the that means of the federal securities laws with respect to the proposed PIPE and the proposed business enterprise blend concerning TMTG and the Organization, such as without the need of limitation statements regarding the expected benefits of the PIPE and the enterprise mix, the anticipated timing of the PIPE and the enterprise blend, the implied business worth, future monetary affliction and efficiency of TMTG and the put together corporation immediately after the closing and expected money impression of the PIPE and the business enterprise mix, the fulfillment of closing disorders to the PIPE and the business enterprise blend, the stage of redemptions of the Company’s general public stockholders, the goods and markets and anticipated long run performance and market place options of TMTG. These ahead-searching statements usually are determined by the terms “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will proceed,” “will very likely result” and comparable expressions, but the absence of these text does not mean that a assertion is not forward-wanting. Forward-hunting statements are predictions, projections and other statements about long run occasions that are centered on latest anticipations and assumptions and, as a final result, are issue to dangers and uncertainties.

Quite a few variables could cause actual foreseeable future activities to differ materially from the forward-looking statements in this push release, which include but not constrained to: (i) the chance that the PIPE or the small business blend might not be completed in a timely method or at all, which may possibly adversely have an impact on the cost of the Company’s securities (ii) the hazard that the organization blend may well not be finished by the Company’s business enterprise mix deadline and the likely failure to attain an extension of the business enterprise combination deadline if sought by the Business (iii) the failure to fulfill the ailments to the consummation of the PIPE or the enterprise mix, together with the approval of the PIPE and the merger settlement by the stockholders of the Firm (iv) the likely deficiency of a 3rd-social gathering fairness viewpoint in pinpointing no matter whether or not to go after the proposed company blend (v) the occurrence of any event, change or other circumstance that could give increase to the termination of the merger settlement (vi) the failure to accomplish the minimum amount quantity of income out there pursuing any redemptions by Business stockholders (vii) redemptions exceeding a utmost threshold or the failure to satisfy The Nasdaq Stock Market’s original listing criteria in link with the consummation of the contemplated transactions (viii) the impact of the announcement or pendency of the PIPE or the enterprise blend on TMTG’s company associations, running final results, and company usually (ix) risks that the proposed enterprise mix disrupts present-day plans and operations of TMTG (x) the end result of any lawful proceedings that may perhaps be instituted towards TMTG or towards the Organization connected to the PIPE, the merger arrangement or the proposed small business blend (xi) the danger of any investigations by the SEC or other regulatory authority relating to the PIPE, the merger settlement or the business enterprise blend and the affect they may perhaps have on consummating the transactions (xii) alterations in the digital promoting marketplaces in which TMTG competes, including with regard to its aggressive landscape, technology evolution or regulatory alterations (xiii) modifications in domestic and world-wide general economic conditions (xiv) the threat that TMTG could not be able to execute its advancement approaches (xv) risks associated to the ongoing COVID-19 pandemic and response (xvi) the threat that TMTG may well not be capable to produce and maintain productive internal controls (xvii) the charges related to the PIPE and the organization combination and the failure to recognize expected rewards of the business blend or to realize approximated professional forma results and fundamental assumptions, including with regard to believed stockholder redemptions and (xviii) individuals components talked about in the Company’s filings with the SEC and that that will be contained in the Registration Assertion relating to the proposed small business blend. The foregoing list of aspects is not exhaustive. You really should thoroughly take into consideration the foregoing elements and the other dangers and uncertainties that will be explained in the “Risk Factors” area of the Registration Assertion and other paperwork to be filed by the Business from time to time with the SEC. These filings identify and tackle other significant dangers and uncertainties that could induce real activities and outcomes to differ materially from people contained in the forward-searching statements. Forward-wanting statements discuss only as of the day they are created. Viewers are cautioned not to place undue reliance on ahead-looking statements, and while TMTG and the Corporation might elect to update these ahead-searching statements at some place in the future, they believe no obligation to update or revise these ahead-searching statements, no matter whether as a result of new info, upcoming functions or in any other case. Neither of TMTG or the Organization offers any assurance that TMTG or the Business, or the put together business, will realize its expectations.

Further Details and Exactly where to Come across It / Non-Solicitation

In relationship with the proposed PIPE and the proposed enterprise combination, the Enterprise intends to file with the SEC a Type 8-K and the Registration Statement, which will incorporate a preliminary proxy assertion/prospectus and a proxy assertion/prospectus. The Company’s stockholders and other fascinated individuals are recommended to study, when readily available, the Registration Statement, which includes the preliminary proxy assertion/prospectus and the amendments thereto and the definitive proxy statement/prospectus and paperwork included by reference therein filed in link with the organization mix, as these materials will comprise crucial facts about the Corporation, TMTG, the merger settlement and the company combination. When obtainable, the definitive proxy statement/prospectus and other applicable products for the organization combination will be mailed to stockholders of the Enterprise as of a record date to be founded for voting on the business blend. Stockholders of the Organization will also be ready to get hold of copies of the Registration Statement, the preliminary proxy assertion/prospectus, the definitive proxy statement/prospectus and other documents submitted with the SEC that will be included by reference therein, with out demand, once offered, at the SEC’s net web-site at, or by directing a ask for to: Digital Globe Acquisition Corp., 78 SW 7th Street, Miami, FL 33130.

No Offer or Solicitation

This press launch shall not constitute a solicitation of a proxy, consent, or authorization with regard to any securities or in respect of the proposed small business blend. This press release shall also not constitute an offer you to market or the solicitation of an present to obtain any securities, nor shall there be any sale of securities in any states or jurisdictions in which these types of provide, solicitation, or sale would be unlawful prior to registration or qualification less than the securities laws of any this kind of jurisdiction. No featuring of securities shall be made except by suggests of a prospectus conference the specifications of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.

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