Former President Donald Trump’s social media merger deal could face last-minute delays thanks to a slew of legal challenges, stalling the long-anticipated shareholder vote that could provide a cash boost to Truth Social.
Trump Media & Technology Group is set to hold a final shareholder vote later this month to approve a merger with Digital World Acquisition Corp., a self-described “blank check company” that takes money from investors to find a company to buy — in this case, Trump’s media company. However, the vote is being snagged by lawsuits seeking to stall the deal.
In one case, Trump Media co-founders Andy Litinsky and Wes Moss are suing the company over allegations the media company is trying to dilute their ownership stake in the business. That challenge was filed on Wednesday in Delaware Chancery Court with a request
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