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Digital World Acquisition Discloses Federal Subpoenas as Director Resigns

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The SPAC said the subpoenas and other investigations could delay a merger with Trump Media & Technology Group.Photo: Ross D. Franklin/Associated Press

Digital World Acquisition the special-purpose acquisition company with former President ’s social-media company, said a federal grand jury in the Southern District of New York has issued subpoenas to each member of its board.

The blank-check company said Monday in a securities filing that it learned of the subpoenas on June 16. The subpoenas seek some of the same documents that were previously requested by the U.S. Securities and Exchange Commission as part of a separate and previously disclosed investigation, Digital World said.

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