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• The company is expected to close a deal with Trump’s social media company this year
Digital World Acquisition Corp (NASDAQ: DWAC) said on Monday that its board of directors received subpoenas from a federal grand jury in New York.
The special purpose acquisition company is expected to close a deal with former President Donald Trump’s social media company this year.
In a securities filing, DWAC said the company itself received a subpoena on Friday with similar requests, along with other requests relating to communications, individuals
In October 2021, Trump had announced Trump Media & Technology Group Corp (TMTG) would merge with SPAC DWAC in a deal valuing TMTG at up to $1.7 billion.
Picture Credits: Reuters
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