Grand Jury Subpoenas Board Behind Truth Social

Axios reports:

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

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.

Details: Digital World Acquisition Corp. on Monday disclosed the subpoenas, adding that some of the information requested were about communications with a Miami-based investment firm called Rocket One Capital.

Read the full article.

Subpoenas issued to directors of SPAC taking Trump’s social network public https://t.co/QePz85GMO5

— Dan Primack (@danprimack) June 27, 2022