Trump’s Truth Social Merger Under Threat

“The blank-check acquisition firm that agreed to merge with Donald Trump’s social media company failed to secure enough shareholder support for a one-year extension to complete the deal,“ Reuters reports.

“At stake is a $1.3 billion cash infusion that Trump Media & Technology Group which operates the former U.S. president’s Truth Social app, stands to receive from Digital World Acquisition Corp, the special purpose acquisition company that inked a deal last October to take TMTG public.”