At stake for Trump Media is at least $300 million that's set to be injected into the company, which operates Trump's social media platform Truth Social.
At stake for Trump Media is at least $300 million that’s set to be injected into the company, which operates Trump’s social media platform Truth Social.
More than 65 percent of shareholders in Digital World Acquisition Corp. — a so-called special purpose acquisition company — signed off on giving it until next September to complete its beleaguered merger with Trump Media & Technology Group and list the combined firm on Nasdaq. alleging that the company misled investors about its negotiations with Trump Media. Digital World and Trump Media at the time also rolled out a series of changes to the structure of the combined entity, including a move that will further cement Trump’s control over it by giving the former president 55 percent of voting power in the stock.
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