Trump’s Truth Social Announces Merger ‘Milestone’ as Filings Show $73 Million Loss

Published on November 14, 2023

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....

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