Trump’s $4 Billion SPAC Deal Hit by Wave of Lawsuits Over Shares

Former President Donald Trump’s potential $4 billion windfall from a blank-check merger involving the company that runs his social media platform could be derailed by a flurry of legal disputes with his co-founders.

Three lawsuits filed this week over the deal’s share allocation threaten to at least postpone the already long-delayed plan to have Digital World Acquisition Corp. acquire Trump Media & Technology Group, the vehicle for Trump’s Truth Social platform. The proposed special purpose acquisition company deal is set for a shareholder vote on March 22.

At least one of the suits is requesting that a judge ...