Former President Donald Trump is facing a lawsuit that accuses his social media company, Trump Media & Technology Group, of engaging in wrongful actions to dilute the value of stock shares held by the firm's co-founders. The lawsuit, filed by United Atlantic Ventures in Delaware Chancery Court, claims that Trump's company attempted to undermine UAV's minority stake ahead of a planned merger with Digital World Acquisition Corp. If the merger, scheduled for shareholder approval on March 22, goes ahead, Trump's 90% stake in TMTG could be valued at over $3 billion. The lawsuit alleges that the co-founders of UAV, Andy Litinsky, and Wes Moss, who initially pitched the idea of creating Trump Media to Trump in February 2021, are at risk of losing hundreds of millions of dollars in potential profits due to the dilution efforts. The court filing further states that the attempted dilution is without a legitimate business purpose and appears to be a move to benefit Trump at the expense of UAV. The lawsuit is seeking injunctive relief against the dilution efforts, and the matter is currently confidential within the Delaware court system as parties work on necessary redactions to the documentation. The legal action comes amidst ongoing controversy surrounding Trump's financial obligations, including civil judgments in New York totaling more than $500 million relating to business fraud and defamation claims. As the lawsuit unfolds, it sheds light on the intricate dynamics surrounding the planned merger of TMTG and DWAC and the potential impact on all entities involved.