Trump Media Technology Group aims for IPO through merger with Digital World Acquisition.
Former President of the United States Donald Trump was stripped of his post as director of his media group in early June, a few weeks before the American authorities summoned him. officials in a federal investigation.
In a June 8 document filed with the agency responsible for corporate business activity in Florida , revealed Thursday by the daily Sarasota Herald-Tribune and consulted by AFP, Trump Media Technology Group (TMTG) indicates that the Republican billionaire is no longer a director.
His eldest son Donald Trump Jr as well as Wes Moss and Kashyap Patel are also stripped of this role.
The social network Truth Social, launched by TMTG and presented as an alternative to Twitter, whose former White House tenant was banned for inciting violence, posted a message denying Trump's departure from the governing body and railing against fake news .
Donald Trump is still on the board of directors of Trump Media and Technology Group, the platform wrote on its official account Thursday evening. It claims that Mr. Trump holds the position of Chairman of the Board of Directors, without mentioning that of Director.
The precise title may have some meaning. #x27;significant in that the authorities appear to have summoned the people with the role of administrator.
Asked by AFP to clarify the precise role of Mr. Trump within the group, TMTG did not immediately respond.
On the company site, the page dedicated to the board of directors does not display a single name.
TMTG aims for an IPO through a merger with Digital World Acquisition Corp. (DWAC), a listed vehicle with no commercial activity, but the union between the two entities is slow to materialize.
At the end of June, DWAC indicated to the American market regulator ( SEC) receiving requests for documents and stating that all of its directors had been subpoenaed to testify before a grand jury in view of a possible criminal trial.
The listed vehicle also clarified that TMTG and some of its former and current employees had received subpoenas from the Stock Constable and then the Grand Jury.
En last December, DWAC also revealed that it was the subject of an SEC investigation into its activity and the terms of the merger.