Merger Approved for Social Network Company Amid SEC Investigation

Reported Tuesday, at the same time the company that planned to take the social network public faced an SEC investigation and regulatory pressure. approved a proposed merger that owns Truth Social, and blank check firm Digital World Acquisition Corp in a deal that would take the company public.

Although Musk reinstated Trump’s Twitter account in November 2022 shortly after purchasing Twitter for $44 billion, the former president has only in a meeting reported by The New York Times, but the billionaire also stated that he was “not donating money to either candidate for US President” in a Musk has not returned a request for comment from Forbes, and only told the Washington Post that he has “never been to Mar-a-Lago,” and Trump’s campaign and media company have also not commented on the report. The merger between TMTG and Digital World—known as a special-purpose acquisition company—was first announced in 2021, but was delayed as they sought regulatory approval from the SE

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