For a fleeting moment last month, it appeared quite feasible that the embattled SPAC Digital World would imminently take Trump Media and Technology Group (TMTG) public via a reverse merger. Hopes for a swift wrap-up of this ongoing saga, however, have been dashed yet again. Back in the fall, the proposed merger between Digital World and Trump Media and Technology Group appeared increasingly shaky as the two entities entered into a third amendment to their merger agreement, which among other things stipulated a fresh due diligence exercise to determine the viability of pursuing a business combination that has been held […]
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