Plans to make former president Donald Trump's media company public appear to have hit another roadblock. Digital World Acquisition Corp. — the special purpose acquisition company (SPAC) that has agreed to merge with Trump Media & Technology Group — said in a regulatory filing Monday that its board members have received subpoenas from a federal grand jury in the Southern District of New York related to due diligence regarding the deal. Shares of the blank-check company plunged nearly 10% on the news Monday. The stock has now lost more than half its value this year, adding to doubts about the merger going through. The Securities and Exchange Commission has already subpoenaed Digital World itself requesting similar information.
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