Twitter says it's committed to enforcing Elon Musk's $44 billion buyout deal even as he appears to hesitate

Even though the CEO of Musk's company appears to be dither on the deal, the social media company said it would complete its merger with Musk.

In a Securities and Exchange Commission filing published Tuesday night, it said that it was committed to completing the transaction on the agreed price and terms as quickly as possible.

The board said in a statement that they intend to close the transaction and enforce the merger agreement.

On Tuesday, Musk put the brakes on negotiations, saying that the deal can't proceed unless the platform has less than 5% fake accounts. Earlier that day, Agrawal said that they aren't perfect at catching mail.

Musk suggested a day earlier that he could lower the price of the deal. When contacted by Insider, a person from the micro-blogging site declined to comment.

The account of how the deal was negotiated was published by the micro-blogging site. Musk did not make obvious efforts to find out more about the business of the company before he offered to take the company private, according to the report.

The terms and conditions were set by both parties last month to make sure they stick to closing the deal. Each side agreed to pay the other $1 billion if they did not honor the agreement.

Should negotiations look shaky, there is a chance that a lawsuit could be filed to force Musk to close the deal if there is already financing in place.

The company might be able to get a settlement from Musk, according to the report.

The falling share price suggested that investors believed that the current offer would fall through. It closed at $38.32 on Tuesday, which is almost 30% lower than Musk's offer.