Pennsylvania Republican Rep. Dan Meuser on Tuesday asked that Securities and Exchange Commission (SEC) Chairman Gary Gensler expeditiously consider a settlement involving Digital World Acquisition Corp. (DWAC) so as to advance its merger with the Trump Media & Technology Group ahead of a looming deadline to complete the deal.
Digital World is a a special purpose acquisition company (SPAC) that aims to merge with the firm operating Truth Social and thereby enable the platform’s appearance on the stock exchange. That process has long been delayed due to SEC scrutiny of Digital World; the merger proposal has a limited lifespan slated to end on Sept. 8.
Meuser asked for the commission’s “prompt consideration” of the settlement so as to expedite the process ahead of the looming deadline.