evidence: On March 22, 2024, DWAC shareholders approved the merger with TMTG,[32] which was completed on March 25, 2024. The combined company began trading under the symbol DJT and finished the day with an $8 billion valuation.[8][33] In regulatory filings, Lighthizer and McMahon are listed as independent directors.[34][35] An April 1, 2024, SEC filing revealed that TMTG lost over $58 million in 2023 with only $4 million in advertising revenue from Truth Social.[24][25] Following criticisms about its auditor, BF Borgers, TMTG fired the firm on May 6, 2024, due to regulatory requirements.[36][37][38][39] In May 2024, the company reported a net loss of $327.6 million for the first quarter of 2024 with $770,500 in revenue.[40] In July 2024, TMTG joined the Russell 1000 and Russell 3000 indexes and raised $105 million through the cash exercise of its warrants.[41] On July 12, 2024, one day before the assassination attempt on Donald Trump, Austin Private Wealth filed a report indicating that it had shorted 12 million shares of TMTG.[42] Four days later, it amended the filing to 1,200 shares and apologized for its "filing error," which spurred conspiracy theories.[42] [...] - ^ a b Frank Chung (July 19, 2024). "Truth Social stock before Trump shooting was 'filed in error'". news.com.au. Retrieved July 24, 2024.