Legal disputes and lawsuits surrounding the Truth Social merger deal involving Donald Trump have emerged, potentially jeopardizing his anticipated $4 billion windfall. Co-founders and investors are suing to block the merger, citing concerns over dilution of shares and wrongful maneuvering.
Truth Social is going the way of tech giants and could reap the former president a windfall—on paper. @SammBlum https://t.co/SBcFCt06JM
Lawsuits could stall Trump Media’s long-delayed merger, which would provide the social media company with cash to fund Donald J. Trump’s Truth Social. https://t.co/RdCsUgZtSL
Looks like once again Digital World Acquisition is having trouble getting retail shareholders to vote It would be most ironic if the Truth Social / $DWAC merger fails due to retail apathy, and Trump's $4 billion stake in the company becomes worthless https://t.co/7SlQAlRgMC
Trump accused in a lawsuit of trying to “drastically dilute” the value of stock shares in his social media company. United Atlantic Ventures alleges that Trump Media engaged in “wrongful 11th hour … maneuvering” to dilute UAV’s minority stake https://t.co/z2RI3KdWUB
The Truth Social merger and public offering that could rescue Donald Trump from his financial straits has attracted dueling lawsuits. | By @baseballcrank https://t.co/AKOv04ktcs
New lawsuits seek to block merger of SPAC with Trump media company https://t.co/9iUYX8jLRz
Former President Donald Trump’s potential $4 billion windfall from a blank-check merger involving the company that runs his social media platform could be derailed by a flurry of legal disputes with his co-founders. https://t.co/svg2Da82BO
DWAC discloses new lawsuits seeking to block merger with Trump Media & Technology https://t.co/m4HI1GP3PN
$DWAC (-2.8% pre) Trump Media sued by co-founders ahead of DWAC merger, potential setback for lucrative deal - CNBC https://t.co/hUMMnkpPFe
this sounds so familiar….. “Former President Donald Trump was accused in a lawsuit Wednesday of trying to “drastically dilute” the value of stock shares in his social media company” https://t.co/jvspRufdgw via @nbcnews
Plans to take former President Donald Trump's social media platform Truth Social public came under fire in two lawsuits Wednesday, with investors on both sides of the deal alleging that the long-delayed merger would cheat them out of their shares. https://t.co/n24QUaPDNp https://t.co/uOoBXrM9ll
From the lawsuit DWAC & Trump Media filed against former Digital World CEO and SPAC sponsor Patrick Orlando: Orlando’s "avarice, incompetence, and general refusal to act in DWAC’s best interests has caused extensive reputational harm" and delays in the merger process.
Architect of Trump's social media deal sues to block transaction https://t.co/1iWzqaAPWy https://t.co/rmk3IWEDAV
Ousted architect of Trump’s Truth Social merger sues to block potential $10B deal https://t.co/btRYVkjfDy https://t.co/PIB6sjw6Ll
Trump's Truth Social Payday Hits Road Bump As Co-Founders Sue Ex-President https://t.co/39eO9a9StP
A former executive of the blank-check acquisition vehicle that plans to take Donald Trump's social media company public sued to block the deal until he obtained a larger payout, according to a lawsuit docketed Feb. 29 in Delaware https://t.co/hLOGVYu8Mh
"Truth Social co-founders accuse Trump of trying to rip them off in merger" - https://t.co/mQCrLilTAD
Truth Social's Going Public Might Save Donald Trump’s Bottom Line — but Don’t Bet on It - a great explainer by @baseballcrank … https://t.co/PgxwxDPQuW
Donald Trump could reap $4 billion stock windfall from merger deal $DWAC. https://t.co/UvY9tNewUd
BREAKING: Trump stands to make billions after the SEC clears the Truth Social merger deal.
Trump could afford to pay all his legal penalties if Truth Social goes public. But, per usual, the deal faces new troubles. https://t.co/7yKz1ralDe
Any one know how all these legal judgements against Trump are going to impact his planned Truth Social merger?