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World

Dominic Rushe in New York

Blow for Trump’s Truth Social as merger company hit by grand jury subpoenas

Truth Social Donald Trump Digital World SEC SPAC TMTG

Truth Social’s planned merger with Digital World is likely to be delayed as authorities investigate whether the companies held talks not declared in regulatory filings. — Truth Social’s planned merger with Digital World is likely to be delayed as authorities investigate whether possible irregular talks between the two companies. Photograph: Dado Ruvić/Reuters

A US federal grand jury has issued subpoenas to the board members of the company merging with Donald Trump’s social media company, Truth Social.

The disclosure, made on Monday by the blank cheque company Digital World Acquisition Corporation, is the latest blow to Trump’s plans to take Trump Media & Technology Group (TMTG), the creator of Truth Social, public.

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