Digital World Corp (DWAC) has released an update.
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Digital World Acquisition Corp. is making significant strides toward merging with Trump Media & Technology Group Corp. (TMTG), which will result in TMTG becoming a wholly owned subsidiary of Digital World, subsequently renaming the entity to Trump Media & Technology Group Corp. However, recent legal challenges, such as the potential dispute with United Atlantic Ventures, LLC, and updates on legal proceedings involving Donald Trump and Donald J. Trump Jr., are adding complexity to the merger process. These issues have prompted further disclosures and could impact the completion and future performance of the combined entity. Despite these hurdles, stockholders are encouraged to read the definitive proxy statement and vote promptly.
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