Digital World Acquisition slipped 8%, marking its biggest daily loss since the start of this year after the company announced it had to delay filing its 2022 financial report and "Digital World" is a Nasdaq-listed private acquisition firm linked to former US President Donald Trump.
The company explained that its employees need more time to prepare financial statements expected to be filed within 15 days and also projected losses of about $10 million in 2022 versus losses of about 1.4 million in the previous year.
The "Digital World" crisis coincides with former US President Donald Trump's court appearance on Tuesday after 34 criminal charges were filed against him, and "Trump" denied all charges against him in court today knowing that the Manhattan prosecutor confirmed that Trump was accused of falsifying business records to conceal illegal information and activities.
By the end of last March, Digital World had announced the dismissal of its former CEO Patrick Orlando and the appointment of Eric Swider as interim CEO.
