The Board of Directors of Trump Media and Technology Group Corp. (Nasdaq: DJT), operator of the social media platform Truth Social, has voted to authorize the Company's leaders to create a strategic acquisition fund with select investors. The fund's purpose is to devise and implement financing strategies for possible mergers and acquisitions in accord with TMTG's existing growth strategy.

TMTG is exploring opportunities to partner, merge with and/or acquire other participants in the growing America First Economy that would benefit from the Corporation's technology and branding-and that are able to function effectively if the Corporation evolves into a holding company with numerous, largely autonomous subsidiaries in a variety of industries.

Trump Media shares jumped 4% in premarket trading.

TMTG CEO and Chairman Devin Nunes said, "TMTG aims to grow robustly with great strategic partners who share our mission. We're hoping to expand our tech footprint even as we branch out into finance and other industries. The America First economy is a fantastic sector with enormous potential, and we want all its participants to know that TMTG intends to make this market even greater."

TMTG recently announced the launch of its FinTech and financial sectors brand, Truth.Fi, which will incorporate customized exchange-traded funds ("ETFs") and customized separately managed accounts ("SMAs"). These vehicles are components of a Board-approved financial services and FinTech strategy that includes the investment of up to $250 million to be custodied by Charles Schwab, which will partner with TMTG to develop the SMAs.