Mashable: This acquisition can't go forward until Twitter CEO Parag Agrawal proves the platform has less than 5% false accounts, according to Musk, who stopped negotiations on Tuesday.

In spite of Elon Musk's apparent hesitancy, Twitter says it intends to finalize its $44 billion mergers with the Tesla CEO.

In response to Musk's offer to buy the firm out, Twitter stated in a filing to the Securities and Exchange Commission that it was "committed to completing the transaction on the agreed price and terms as swiftly as practical" on Tuesday night.

Additionally, the board of directors confirmed to Bloomberg that they plan to close the acquisition and enforce the merger agreement.

This acquisition can't go forward until Twitter CEO Parag Agrawal proves the platform has less than 5% false accounts, according to Musk, who stopped negotiations on Tuesday. "We aren't perfect at catching spam," Agrawal admitted earlier that day.

According to Bloomberg, Tesla CEO Elon Musk also hinted that he could cut the purchase price a day sooner.

Twitter responded on Tuesday night by releasing a detailed narrative of how the contract was crafted over the course of several weeks. On April 25, Twitter offered to take the company private if Musk made a significant effort to learn more about Twitter's business, particularly the number of spam accounts on the platform.

Last month, Twitter and Musk agreed on terms and conditions to ensure that the buyout agreement would be completed by the scheduled deadline of October. In the event of a breach of the agreement, each party promised to pay the other $1 billion.

A "specific performance" clause might be put in place by Twitter to push Musk to conclude the acquisition if negotiations aren't going well, or if the money is already in place and all other conditions are met.

A drop in Twitter's stock price signaled that investors were concerned that Musk's current takeover offer might not go ahead. Tuesday's price of $38.32 is a loss of over 30% compared to Musk's bid of $54.20 per share.

Reuters reported that the blue bird company filed a lawsuit against Musk on Tuesday, raising the possibility of a settlement.