Trump Media's Public Merger Close: Audit finding

Reporting and findings

1. documented

   The transaction created a public-market vehicle in which Trump was the controlling shareholder while remaining a presidential candidate; securities filings disclosed that control and related risks.

   • U.S. Securities and Exchange Commission: Digital World and TMTG announce completion of business combinationTransaction description
   • U.S. Securities and Exchange Commission: Digital World and TMTG announce completion of business combinationClosing announcement
   • U.S. Securities and Exchange Commission: Donald J. Trump Schedule 13DItems 3-5 and beneficial-ownership table
   • Associated Press: Wall Street debut of Trump Truth Social network could give him stock worth billions on paperOwnership and transaction context
   • U.S. Securities and Exchange Commission: Trump Media Form S-1Lock-up, ownership, and risk-factor sections