Investors Are… Pulling ~$140 Million, And Exiting Truth Social Commits… Perfect!

And in REAL scandal sheet news… the SEC is investigating (on both a civil-, and a DoJ criminal- front).

The company has missed every deadline for a shareholder vote — and the investors had been expecting improved terms, in their favor — to stay committed to the deal. Both due to generalize market turmoil — and Trump’s clearly worsening federal criminal (allegedly… potential espionage) profile.

Those better terms were never offered, with Trump saying “take it — or leave it” as he almost always does in business negotiations. But there’s a… sea change. And he’s being… left, in the outbound tides.

Here’s the latest — it may well be that his inability to generate business cash (as opposed to restricted funds / political donations) may more swiftly be his undoing, that ant indictment. We shall (as ever) wait, and see:

…The company had earlier claimed commitments of over $1 billion. That number seems… to be disappearing, day by day….

The company has struggled to close the Truth Social merger and previously blamed the SEC for delaying the deal amid criminal and civil investigations.

The SEC started examining the deal in June over the possibility that Trump Media and Digital World had held discussions before the special purpose acquisition company (SPAC) went public last year without informing the watchdog.

As a result, the directors of Digital World received subpoenas in June from a grand jury in the Southern District of New York….

“Blank-check” company Digital World Acquisition said in a Securities and Exchange Commission filing on Friday that some backers were pulling a total of $139 million they had planned to put into the deal….