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.

The deal, which could be announced in the next few days, is based on convertible notes and will help fund DWAC while it tries to complete its merger with Trump Media & Technology Group (TMTG), owner of social media platform Truth Social, the sources said.

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