Former Digital World auditor disagrees with company statements

On August 1, Digital World Acquisition disclosed that that Marcum had resigned as its independent registered public accounting firm, effective July 27. In a letter dated August 15 and disclosed by Digital World last night, Marcum said, “As an initial matter, we would like to clarify that our resignation as the Company’s independent auditor was primarily in response to concerns regarding the Company’s management and governance structure following its July 20, 2023 settled order with the Commission. As described in detail below, although not the primary basis for our resignation, we disagree with certain of the Company’s statements in Item 4.01 of the Company’s August 1, 2023 Form 8-K….We also disagree with the Company’s statement in the second bullet under the fourth paragraph of Item 4.01 of the Form 8-K that ‘consistent with prior audit periods, Marcum should have been aware that the Company maintains minutes of its Board of Directors meetings’ insofar as this statement suggests that Marcum should have been aware that the Company did not provide Marcum with minutes or summaries of certain of its relevant Board of Directors meetings prior to the filing of its Form 10-K on April 26, 2023.” Shares of Digital World Acquisition are up 2% to $17.00 in early trading.