Trump Media Follows Trend of High-Profile Companies Leaving Delaware, Reincorporates in Florida

Shareholders approved move to Sarasota-based company’s home state, aligning rules with Florida as more firms exit Delaware over legal and cost concerns.

A phone screen displays the Truth Social app in Washington in a file photo. Stefani Reynolds/AFP via Getty Images

Trump Media and Technology Group (TMTG), parent of the social-media platform Truth Social, has dropped Delaware as its legal home and re-domiciled in Florida after shareholders backed the change at the company’s annual meeting on April 29. The switch became effective on April 30, the company said in a news release issued Thursday.

“We’re thrilled to reincorporate our company in Florida,” CEO and chairman of TMTG Devin Nunes said in the statement. “With its pro-business orientation and respect for the rule of law, Florida is a great place for Trump Media to officially call home.” The company’s operations are already based in Sarasota.