Former US President Donald Trump delivers the keynote address at the Faith and Freedom Coalition during their annual “Road to Majority Policy Conference” at the Gaylord Opryland Resort & Convention Center on June 17, 2022 in Nashville, Tennessee.
Seth Herald | Getty Images
Donald Trump’s media company was summoned by a federal grand jury in connection with a criminal investigation the company plans to merge the former president’s firm with.
Digital World Acquisition Corp.said in a filing friday That Trump Media and Technology Group received a subpoena from a grand jury in Manhattan on Thursday. DWAC said the Trump firm also received a subpoena from the Securities and Exchange Commission on Monday in connection with a civil investigation.
Neither TMTG nor a Trump spokesperson immediately responded to CNBC’s requests for comment.
The Justice Department and the SEC, which regulates the stock market, are investigating the deal between the DWAC and Trump Media. By merging with the so-called Special Purpose Acquisition Company, or SPAC, DWAC, Trump’s firm would gain access to potentially billions of dollars on the public equity markets.
— CNBC’s Kevin Bruninger contributed to this story.
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