By Will Feuer

 

Digital World Acquisition Corp., the special-purpose acquisition company that has said it plans to merge with former President Donald Trump's social-media company, said a federal grand jury sitting in the Southern District of New York has issued subpoenas to each member of its board.

The blank-check company learned of the subpoenas on June 16, it said.

The subpoenas request some of the same documents that were previously requested by the U.S. Securities and Exchange Commission as part of a separate and previously disclosed investigation.

Additionally, the subpoenas seek certain documents related to Digital World's S-1 filings, communications with or about multiple individuals, and information regarding investment firm Rocket One Capital.

Digital World also said Monday that Rocket One Chief Strategy Officer Bruce Garelick resigned from the Digital World board effective June 22.

Additionally, Digital World said it received a grand jury subpoena with substantially similar requests to the other subpoenas on June 24.

 

Write to Will Feuer at Will.Feuer@wsj.com

 

(END) Dow Jones Newswires

June 27, 2022 07:25 ET (11:25 GMT)

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