Company behind Trump's Truth Social deal hit with federal grand jury subpoenas

The special-purpose acquisition company (SPAC) behind former President Donald Trump's Truth Social platform has been hit with subpoenas by a federal grand jury.

As flagged by New York Times business reporter Matthew Goldstein, Digital World Acquisition said in a recent 8-K filing that earlier this month it "became aware that a federal grand jury sitting in the Southern District of New York has issued subpoenas to each member of Digital World’s board of directors."

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