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