A federal grand jury in Manhattan and the Securities and Exchange Commission (SEC) have both subpoenaed former President Trump’s media company, according to an SEC filing dated Friday.
Digital World Acquisition Corp, a special-purpose acquisition company seeking to merge with Trump Media and Technology Group (TMTG), disclosed in its filing that the blank check company was made aware that TMTG had received a subpoena from the SEC on Monday and a separate subpoena from a federal grand jury in the Southern District of New York on Thursday.
The SEC’s subpoena “seeks documents relating to, among other things, Digital World and other potential counterparties to a business transaction involving TMTG,” according to the SEC filing.
The Manhattan Federal Grand Jury Subpoena “seeks a subset of the same or similar documents requested in the subpoenas to Digital World and its administrators,” the filing notes.
Digital World also revealed that some former and current staffers at Trump’s media company also received their own grand jury subpoenas.
The development comes after every member of Digital World’s board of directors received grand jury subpoenaswhich was disclosed in a filing with the SEC earlier this week.
Financial regulators have been investigating the merger between TMTG and Digital World, announced last October. Trump’s media company is expected to get a public listing and up to $1 billion in capital if the merger goes ahead, according to the New York Times.
“TMTG is focused on asserting the right of the American people to free speech. Every day, our team works tirelessly to support Truth Social’s rapid growth, onboard new users, and add new features. We encourage and will cooperate with oversight that supports the SEC’s important mission to protect retail investors,” TMTG said in a statement following Monday’s filing with the SEC.
The Hill has reached out to a spokesperson for Trump and TMTG for comment.
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