A Recent Filing Gives the Strongest Signal Yet That Digital World and Trump Media and Technology Group Are About To Merge
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With Trump's Truth Social continuing to bleed money like a sieve and the impending merger of its parent entity, Trump Media and Technology Group (TMTG), with the SPAC Digital World (DWAC) complicated by a host of federal investigations, the headwinds for the former US President's media-related ambitions appeared to be rapidly becoming insurmountable just a few weeks back. Now, however, the stars again seem to be aligning, and the consummation of this much-delayed merger agreement finally appears at hand.
To wit, Digital World has now filed the first amendment to its Form S-4, which is used to register securities with the SEC and includes details related to share distributions, exchange offers, and mergers. DWAC's amendment has added a preliminary proxy statement and a prospectus to its Form S-4, indicating that the SPAC appears to be moving ahead with its planned merger with Trump Media and Technology Group, whose CEO Devin Nunes called this development "a monumental milestone toward completing the business combination."
Bear in mind that, as per the third amendment to the merger agreement between Digital World and Trump Media and Technology Group agreed upon in September, the two entities had undertaken to perform another round of due diligence, retaining the option to withdraw from the proposed merger by the 21st of November should this renewed scrutiny fail to meet their respective objectives. In light of the just-filed amendments to DWAC's Form S-4, it appears that the due diligence cleared the primary threshold for the financial viability of the merged entities.
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