Truth Social Fights SPAC Deal Architect at Delaware High Court

President Donald Trump’s media company squared off in court Wednesday against the architect of the blank-check merger with a shell entity that made Trump’s Truth Social network a publicly traded business.

Delaware’s top court is weighing dueling appeals by Trump Media & Technology Group Corp. and an investment vehicle for Patrick Orlando, sponsor of the special purpose acquisition company with which it combined. Both sides are contesting the number of Trump Media shares awarded by a Delaware Chancery Court judge to Orlando, who helmed the SPAC before his ouster in connection with a Securities and Exchange Commission probe. His 8.1 ...