The Trump Media and Technology Group (TMTG) and Digital World Acquisition Corporation entered into a definitive merger agreement and is set to launch a social network named "TRUTH" Social."

Trump Media & Technology Group and Digital World Acquisition Corp. (NASDAQ: DWAC) have entered into a definitive merger agreement, providing for a business combination that will result in Trump Media & Technology Group becoming a publicly listed company, subject to regulatory and stockholder approval," TMTG said in a statement.