Digital World Acquisition Corp

Digital World Acquisition Corp, the SPAC that plans to merge with former U.S. President Donald Trump's media and technology company, said in October 2023 it would return to investors $533 million raised for the deal, after some have already backtracked on $467 million of commitments. Filed documents with the federal Securities Exchange Commission in May 2022 regarding its proposed merger with Trump Media & Technology Group. Then comes a section you won’t see in any other business filing: “Risks Related to our Chairman President Donald J. Trump.” This filing includes a list of lawsuits Trump is involved in; a fraud charge the government levied against a Trump company 23 years ago; a list of Trump companies that have filed for bankruptcy; another set of Trump ventures that failed without declaring bankruptcy; and the rules governing Trump’s role in the company. The filing states that it does not purport to be an exhaustive list of potential concerns regarding Trump's involvement in the merger.