Trump Media and DWAC didn't immediately respond to requests for comment about the whistleblower. "I don't think the company is going to be approved by the SEC." "One way or another, this company is going to go bankrupt," Wilkerson told the Miami Herald. Wilkerson, who describes himself as one of the founders of the company, no longer believes in its viability. A senior vice president at Trump Media, William Wilkerson, filed a whistleblower complaint alleging securities violations in August. The company is also dealing with the fallout from a Trump Media executive's whistleblower complaint to federal regulators. The special-purpose acquisition company has previously warned that a failure to extend the deadline could force it to liquidate. With $1 billion in financing already at risk, DWAC needs 65% of its shareholders to approve the extension for the merger with Trump Media beyond the current deadline of Dec.
The previous adjournments occurred in September, around when Reuters reported that DWAC lacked the necessary shareholder support to approve the extension.
This is the fourth time CEO Patrick Orlando has used his executive power to adjourn and delay the meeting. Shares of DWAC closed down more than 7% on Monday.
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