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You are here News Politics Blow for Trump’s Truth Social as merger company hit by grand jury subpoenas

Blow for Trump’s Truth Social as merger company hit by grand jury subpoenas

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Trump social media hit by subpoenas

A ​​US federal grand jury has issued subpoenas to the board members of the company merging with Donald Trump’s social media company, Truth Social.

The disclosure, made on Monday by the blank cheque company Digital World Acquisition Corporation, is the latest blow to Trump’s plans to take Trump Media & Technology Group (TMTG), the creator of Truth Social, public.

TMTG agreed to merge with Digital World last October and was expecting the deal to close by the second half of this year. Both the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority, are investigating the merger.

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