The Donald Trump SPAC Digital World Acquisition took a beating Monday on news that several board members have been subpoenaed.
A federal grand jury in the Southern District of New York is seeking more details on its merger deal with the former president’s Trump Media & Technology Group. The company is the parent of conservative social platform Truth Social.
In a filing Monday, DWAC said the subpoenas, as well as investigations from the Justice Department and the SEC, risk slowing or squashing the merger deal altogether.
DWAC stock fell 9.6% in the stock market today. It is now trading at its lowest levels since the deal was announced.
Bastards
Trump has been attacked constantly, I don’t know how he stands it
Weaponized agencies going after political opponents and private citizens.