Trump-Tied SPAC Hits Another Snag as Auditor Abruptly Resigns

A deal to take Donald Trump’s media company public is facing another major setback, putting into question whether it will ever get completed.

Special-purpose acquisition company Digital World Acquisition Corp. said in a filing Tuesday that its auditor Marcum LLP — which has been riddled with regulatory problems of its own — abruptly resigned. The departure puts its merger with Trump Media & Technology Group in peril.

While the US Securities and Exchange Commission doesn’t technically approve SPAC deals, it requires audited, accurate financial statements to declare such tie-ups effective. So the SPAC must find a new audit firm ...