Digital World Acquisition, the company aiming to merge with Trump Media & Technology Group (TMTG), owned by former President Donald Trump, is set to lose millions of dollars’ worth of investment from institutional investors, according to the firm’s recent filing with the U.S. Securities and Exchange Commission (SEC). In October last year, Digital World entered…
Company Seeking Merger With Trump Firm May Lose Over $138 Million Worth Of Investments
September 25, 2022
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Trump-Linked SPAC Files for Resale of up to 100 Million Shares
Digital World Acquisition Corp., a special purpose acquisition company tied to former President Donald Trump, on Friday filed for a resale of up to 100 million shares by existing investors. Shares of the company fell 5.6 percent to $42.39 after the SPAC also said it will not receive any proceeds from the offering. About four…
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