Trump’s Truth Social Announces Merger ‘Milestone’

Contact Your Elected Officials
The Epoch Times Header

Former President Donald Trump’s company, Trump Media & Technology Group (TMTG) has reached another “important milestone” in its merger with Digital World Acquisition Corp., officials announced on Nov. 13.

In a press release, the two firms unveiled the filing of “Amendment No. 1” to its Form S-4 Registration statement with the Securities and Exchange Commission (SEC).

Publicly traded companies are required to file an SEC form S-4 to register any material information related to a merger or acquisition.

The latest filing included a “preliminary proxy statement” and a prospectus “concerning the proposed merger between TMTG, the parent company of social media platform Truth Social, and Digital World, a special purpose acquisition company,” and “marks an important milestone in the proposed business combination,” officials said.

Digital World entered into a merger agreement with TMTG in October 2022, but the deal has yet to be finalized amid multiple delays, including investigations by the SEC and the Department of Justice (DOJ).

Earlier this year, Digital World reached a tentative settlement of a penalty of $18 million with the SEC to settle charges alleging that the company violated anti-fraud provisions relating specifically to its IPO filings on form S-1 and the S-4 form.

The DOJ also announced charges against a former Digital World board member, Bruce Garelick, and two others who were arrested in June for insider trading related to the proposed merger with TMTG.

‘Crucial Milestone’

Digital World has previously called on Congress to investigate the SEC over delays to the merger, which it claims are being caused by politicization.

Monday’s announcement represents a “crucial milestone in our journey towards the potential merger with TMTG,” said Eric Swider, CEO of Digital World.

“This development highlights our ongoing efforts to provide clear and detailed information throughout this process. Our teams have worked tirelessly to reach this stage, and this achievement reflects their dedication and expertise. We are excited to continue our collaboration with TMTG to bring this merger to fruition,” he added.

TMTG CEO Devin Nunes also called the filing a “monumental milestone,” adding that the company looks forward to working with the SEC to bring the deal to a close as “quickly as possible.”

Byย Katabella Roberts

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

How The Big Beautiful Bill Will Keep Louisiana’s Energy Industry Strong

Renewable or not, our federal govt should not be rigging the deck against any energy sources, especially nuclear power that is both clean and consistent.

On Declaring War, Congress De Facto Amended the Constitution

Congress has de facto amended the Constitution by 55 years of refusing to debate matters of war and peace.

AOC โ€“ Acting On Cue

It is easy to dislike Alexandria Ocasio-Cortez (AOC), also known as Sandy Cortez, because she is fraudulent and not to smart.

LGBTQโ„ข Propaganda Roundup: Tampon Tim Walz Fails the Test

LGBTQโ„ข Propaganda Roundup: Nip/tucking the latest social engineering fisted...

AI is Now an Existential Threat

We now see evidence that artificial intelligence is an existential threat to our future. It is coming to take American jobs!

These Energy Tax Credits Are on Chopping Block in GOP Megabill

A revised Senate Republican megabill to implement Trumpโ€™s agenda hastens terminations of tax credits for renewable energy development, but offers new tax inducement for coal production.

DOJ Sues LA Over Sanctuary City Policies: 4 Things to Know

DOJ filed a lawsuit against Los Angeles over what it said are โ€œsanctuary cityโ€ policies that shield illegal immigrants from deportation efforts.

Rep. Dusty Johnson Will Run for Governor of South Dakota

U.S. Rep. Dustin Michael โ€œDustyโ€ Johnson has announced that he will run for governor of South Dakota during the general election to that office in 2026.

Moderna to Ask for Clearance for Combination COVID-Influenza Vaccine

Moderna is going to ask regulators to approve its combination vaccine against COVID-19 and influenza, the company said on June 30.

Federal Reserve โ€˜Should Be Ashamedโ€™ for Not Lowering Interest Rates, Trump Says

President Donald Trump said Federal Reserve Chair Jerome Powell and his colleagues โ€œshould be ashamedโ€ for not lowering interest rates.

Trump Signs Executive Order to Lift Sanctions on Syria

President Trump signed an EO on June 30 to lift most sanctions on Syria, giving the Middle-Eastern country an opportunity to develop economically.

Canada-US Trade Talks Will End Until โ€˜Certain Taxesโ€™ Are Dropped, Trump Stresses

Trade discussions between Canada and the United States will end โ€œuntil such time as they drop certain taxes,โ€ U.S. President Trump said in an interview.

Trump Says US to Send Tariff Letters to Trade Partners Before July 9 Deadline

President Donald Trump said Sunday he will soon send letters to trading partners detailing the tariffs to be imposed on their exports to the United States.
spot_img

Related Articles