Digital World Acquisition, which has a merger agreement with former U.S. President Donald Trump's social media company, is nearing a $50 million financing deal, reuters reports, citing people familiar with the matter.

Investment firms Anson Funds, All Blue Capital and Mangrove Partners have offered to buy the convertible notes on offer, the sources added, cautioning that the timing and composition of the deal may still change.

Digital World and TMTG have until September to complete the deal. Read more.

Source: Digital World Close to Securing M for Trump Deal