The company buying Trump's Truth Social warned the deal could collapse because it's been subpoenaed by a federal grand jury
insider@insider.com (Isobel Asher Hamilton) - 3h ago
The company buying tf is the principal's own fraud company. He was attempting to merge with himself and manipulate all stock. Not an uncommon or original play.
I believe once a SEC investigation amongst other investigations are active, a corp may not be allowed major corp functions and plans. Stock manipulations can be still accomplished in moderation it seems.
Even if tmtg isn't prohibited from performing corp merge actions, it's highly likely, given the principals penchant for criminality that he will use the SEC as an excuse for not doing the merge which he never intended to do in the first place. imo. We will also likely see more abandonment of positions by exec's associated with the principal. The head of a fund has already ran away. More to follow.
d-w-a-c, tmtg and tf are just penny stock scams just using a better known name.
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