Digital World Acquisition

The parent company of Donald Trump’s social media company, Truth Social, could soon become a multi-billion dollar public company, depending on a vote scheduled for Friday. Trump could stand to gain over $3 billion if the proposed merger goes through, which could be his ticket out of some hefty legal bills.The shareholders of Digital World Acquisition (DWAC), a special-purpose acquisition company formed to facilitate a private company going public, will vote on Friday on whether to approve the merger with Trump Media and…

Digital World Acquisitionthe special-purpose acquisition company that plans to merge with former President Donald Trump’s social-media company, said a federal grand jury in the Southern District of New York has issued subpoenas to each member of its board.The blank-check company said Monday in a securities filing that it learned of the subpoenas on June 16. The subpoenas seek some of the same documents that were previously requested by the U.S. Securities and Exchange Commission as part of a separate and previously…