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Axios
Axios
Business

Subpoenas issued to directors of SPAC taking Trump's social network public

Justice Department SEC Truth Social Donald Trump Digital World Acquisition

A federal grand jury in New York has issued subpoenas to each board director of the blank check company that has agreed to take public Donald Trump's social media startup, Truth Social.

Why it matters: This is in addition to previously disclosed investigations into the blank-check company by both the SEC and Justice Department, thus intensifying questions about Truth Social's financial future.

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