Digital World Acquisition Corp, the blank-check company that agreed to merge with Trump Media and Technology Group, said in a filing Monday that it believes that a shift in Trump’s approval ratings could hurt the company’s profitability. Trump’s popularity is being tested anew following the FBI investigation of his Mar-a-Lago residence.

“While TMTG believes there is sufficient demand for a true free speech platform, the image, reputation, popularity, and talent of its Chairman, President Trump, will be important factors to its success,” the filing states. It then pointed to a Hill poll from March 2021 alleging that only 30% would want to use a social media app connected to Trump, as well as an October 2021 New York Post poll noting that over 60% of Republicans would use such a platform.