We have experienced a number of regulatory delays, and we and TMTG may continue to experience additional delays in the future, these delays could cause us to be unable to consummate the business combination.

Digital World

While we are using our best efforts to complete the business combination as soon as practicable, our board of directors believes there will not be sufficient time before the termination date.

We have not selected any specific business target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.

According to FINRA's request, the inquiry should not be construed as an indication that FINRA has determined that any violations of Nasdaq rules or federal securities laws have occurred, nor as a reflection upon the merits of the securities involved or upon any person who effected transactions in such securities.