Digital World Acquisition Corp. (DWAC) and Trump Media & Technology Group Corp (TMTG) reaffirmed their commitment to a merger agreement that would unlock millions in financing for former President Donald Trump’s Truth Social.
a case with the Securities and Exchange Commission to allow the merger to happen. The merger would come at a pivotal time for Trump as Truth Social is the primary platform he uses to communicate with his supporters. Trump has laid out his policy agenda and spoke on the ongoing criminal cases against him on the platform.
“Truth Social was created to reopen the Internet and give people their voices back. As increasingly damning details emerge of the collusion between Big Tech and Big Government to suppress dissenting political views, Truth Social has proven itself to be a premier safe harbor for free expression online,” Truth Social CEO Devin Nunes
. “TMTG remains committed to the merger with DWAC, which we believe will help maximize TMTG’s potential.”the company is “eager to continue working with TMTG’s management to complete mutual due diligence promptly” and thanked TMTG’s management “for their continued support in our strategic merger.” “Together with TMTG, we are converging our visions to shape the future of digital media. We believe Truth Social will have a strong position in the marketplace bringing a unique value perspective to our shareholders,” Swider said. “We are truly excited and look forward to bringing this long-awaited transaction with TMTG to a close.”
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