Brandon Bell/Getty Images News Trump Media & Technology Group (NASDAQ:DJT) on Wednesday entered into an asset acquisition agreement to acquire substantially all the assets of WorldConnect Technologies (WCT) or its affiliate in an all-stock deal. The deal is intended to power the media firm’s planned content distribution network (CDN) for streaming of linear TV—initially via the Truth Social platform and later through stand-alone apps. In April this year, Trump Media (DJT) announced plans to launch a live video streaming platform, stating that it was for a three-phase approach to bring live TV to its Truth Social network. The acquisition announced yesterday mainly covers certain agreements, including an option agreement between WCT, Perception Group, Perception TVCDN, and FORA (FOrum RAčunalništva) as well as certain CDN agreements. Trump Media (DJT) expects to receive from Perception Group and its affiliates worldwide non-exclusive perpetual licensing rights for the new CDN technology that it intends to use for its content distribution network. The agreement also includes a contingent opportunity for Trump Media to acquire Perception outright in the future. Perception, meanwhile, will face certain restrictions for five years on operating in the U.S. market in areas that may compete with Trump Media. The deal will be financed at closing through issuance of up to 5.1M shares of DJT’s common stock and $17.5M that are expected to be paid over a period of three years. It is expected to close on the date the company has implemented the Perception software and network with all back-end API services having become generally available on iOS, Google/Android, and web media services and with streaming enabled from at least one data-center. Separately, Trump Media (DJT) finalized a long-term equity financing arrangement to support its expansion over the next three years. Pursuant to a standby equity purchase agreement, the company will have the option to issue up to $2.5B in shares of common stock to Yorkville Advisors over three years. The per share subscription price Yorkville will pay for the shares will be a 2.75% discount to the market price. Trump Media (DJT) intends to use the agreement strategically to raise and deploy capital.