Federal prosecutors are scrutinizing a billion-dollar merger between a blank-check company and former, the company revealed in a regulatory filing Monday.
A federal grand jury in New York last week issued subpoenas to Digital World Acquisition Corp., the special purpose acquisition company merging with Trump Media & Technology Group, as well members of Digital World’s board of directors.
The grand jury in New York’s Southern District is the latest federal investigation that could delay or complicate the merger between the company Trump chairs and Digital World, a special purpose acquisition company. The companies previously indicated they expected the merger to be complete this year, and would provide Trump Media with $1.25 billion in net proceeds, as well a stock market listing.
Former President Trump laid into Senate Minority Leader Mitch McConnell (R-Ky.) on Sunday after Senate Democrats passed their long-awaited health care, tax and climate package. “Mitch McConnell got played like a fiddle with the vote today by the Senate Democrats,” Trump wrote on Truth Social. “First he gave them the fake Infrastructure Bill, then Guns,…