(Reuters) – Shares of Trump Media & Technology Group fell over 15% on Monday after it raised doubts that the parent firm of Truth Social platform might not be able to meet its financial liabilities, days after completing its merger with blank check firm Digital World Acquisition Corp.
“As of December 31, 2023 and 2022, management had substantial doubt that TMTG will have sufficient funds to meet its liabilities as they fall due, including liabilities related to promissory notes previously issued by TMTG,” the company said in an exchange filing.
(Reporting by Yuvraj Malik in Bengaluru; Editing by Anil D’Silva)
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