An army of Trump supporters and speculators snapped up the company’s shares, sending them soaring as much as 59% in their Nasdaq debut on March 26. The stock has since then cut its gain to about 5%, giving it a market value of about $7 billion.

Trump Media and Technology Group will miss a deadline to file a required Securities and Exchange Commission form, according to a Wednesday filing from the company, after the SEC accused the company’s previous auditing firm earlier this month of “massive fraud” over allegations the firm failed to comply with accounting standards.

Trump Media and Technology Group has announced a postponement of its quarterly filing with the SEC, following fraud charges against a former auditor. The delay, attributed to the recent appointment