Trump's Media Company Is Investigated Over Financing Deal
$Digital World Acquisition Corp(DWAC.US$ $Phunware(PHUN.US$
Blank-check companies like Digital World, also called special purpose acquisition companies, or SPACs, sell their shares to investors first and then go looking for a business to merge with. They aren't supposed to have a deal lined up before selling shares.
Blank-check companies like Digital World, also called special purpose acquisition companies, or SPACs, sell their shares to investors first and then go looking for a business to merge with. They aren't supposed to have a deal lined up before selling shares.
Digital World said regulators were investigating. The Securities and Exchange Commission has requested information about the deal, including the identities of some investors and "certain documents and communications" between the SPAC and Mr. Trump's company, Trump Media & Technology Group.
If regulators find that Digital World's filings included false or misleading statements, they could take action against the company or its backers - potentially complicating the planned merger. Hundreds of millions of dollars are at stake for Mr. Trump's company: Last week, Trump Media announced that unidentified investors had agreed to plow $1 billion into the company — on top of the nearly $300 million that Digital World raised in its September initial public offering.
Contents excerted from New York Times.
Contents excerted from New York Times.
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Michael Finnegan : That corrupt ass clown is going to pay for what he did to this country. F*** Trump
GM 1 Michael Finnegan: George bush is even worse, isn’t it? He’s more tactful and adept at maneuvering that’s It
Mr Trecherous Michael Finnegan:
Mr Trecherous Michael Finnegan: yea it was the guy in office for 4 years and totally not all the politicians there for the last 50yrs that are back to running the swamp and grifting our tax dollars
thekooler : what a moron
UrbaniakDraven Michael Finnegan: And You think Biden is doing better? Pfftt can’t even argue with that kind of stupid….
Celestinel : Thanks for sharing the article, otherwise I will miss another news
71841567 : You probably very enjoyed to get jabbed by current Stupid clown administration
Michael Finnegan 71841567: The current administration care alot more about americans than the last one, the corruption that took place is crazy. Not looking good for them.
ItzmePC : this Biden administration is a JOKE. if ya dont like trump, then whatever thats your opinion. but he was better than this useless crew amd if I had to id choose trump over these 2 ANY day