Digital World Acquisition Corp.’s said Friday it has updated its filing with the Securities and Exchange Commission regarding its planned merger with Trump Media and Technology Group, former President Donald Trump’s social media company, to reflect new risk factors. The update comes after the recent New York civil fraud ruling against Trump, which included an order to pay $364 million in penalties and a ban on any role in running a business in New York state for three years. “We cannot assure you that the claims asserted against TMTG or Digital World are without the financial and/or human capital resources of operatives representing the interests of political opponents of President Trump focused on thwarting the business combination to prevent President Trump’s potential financial gain, which focus could further delay, or prevent, the completion of the business combination,” DWAC said in the update.
