Donald Trump’s Tech Merger in Jeopardy as Grand Juries Subpoena SPAC Partner
Donald Trump’s nascent media and technology company may need to
start looking for other financing options, as federal investigations into
its merger partner threaten to delay or kill the deal.
On Monday morning, Digital World Acquisition Corp., the special
purpose acquisition company (SPAC) that had agreed to merge with
Trump Media & Technology Group, disclosed that on June 16 and June
24 it had received grand jury subpoenas.
The subpoenas “and the underlying investigations by the Department of
Justice and the SEC, can be expected to delay effectiveness of the