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Digital World shares fell after a subpoena from a grand jury in southern New York was disclosed

Shares of Digital World Acquisition Corp.
DWAC,
-0.47%

A special-purpose acquisition company (SPAC), which is acquiring the company behind Donald Trump’s Truth Social, fell 5% in pre-market transactions on Monday after a federal grand jury sitting in the southern district of New York said. did Issued a subpoena We are seeking many of the same documents requested in the Securities and Exchange Commission’s investigation disclosed on June 13. The Grand Jury also seeks information on digital world submissions, communications with or with multiple individuals, and Rocket One Capital. .. Digital World, a subpoena, and an investigation by the Ministry of Justice and the SEC can be expected to delay the validity of the pending merger with Trump Media, which is substantially delayed, substantially obstructed, or completed. May hinder. ” Truth Social’s parent company & Technology Group. Digital World also told board member Bruce J. Garelick that he will resign on June 22nd. Digital World’s share fell 45.9% this year.

Digital World shares fell after a subpoena from a grand jury in southern New York was disclosed

Source link Digital World shares fell after a subpoena from a grand jury in southern New York was disclosed

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