Digital World Acquisition, Trump Media Group affirm commitment to merger

Special purpose acquisition company Digital World Acquisition Corp and Trump Media & Technology Group, which operates the Truth Social platform “announce they have agreed on an amendment to their previously announced Agreement and Plan of Merger. In conjunction with DWAC‘s engagement of a new independent auditor and receipt of an extension to file its amended annual report on Form 10-K and quarterly report on Form 10-Q for the quarter ended March 31, 2023, the Merger Agreement is expected to enable DWAC and TMTG to move forward expeditiously toward their shared objective of completing a business combination in the coming months. Once consummated, the merger will capitalize TMTG-which has rapidly developed Truth Social from an idea into a robust and dynamic online platform-and is expected to position TMTG for strategic growth and expansion while continuing its mission to open up the Internet.”