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Articles for Dwac, search results for acquisition

Donald Trump's $5.7-Billion Truth Social Merger Approved by Shareholders. All You Need To Know
9 months ago

Donald Trump's $5.7-Billion Truth Social Merger Approved by Shareholders. All You Need To Know

ABP News  

The merger between Digital World Acquisition Corp and Trump Media & Technology Group, the entity behind former US President Donald Trump's social media platform Truth Social, received shareholder approval this Friday. The approval by DWAC shareholders marks a pivotal step towards listing TMTG on the stock market, a move that could potentially inject $300 million in cash into the social …

Social Trump Billion Million Truth Social Merger Tmtg
Trump's social media company Truth Social to go public as DWAC merger approved
9 months ago

Trump's social media company Truth Social to go public as DWAC merger approved

Hindustan Times  

Donald Trump could land nearly $3 billion, thanks to the merger of his social media company Truth Social. On Friday, the shareholders of Digital World Acquisition Corporation approved a merger with Truth Social's parent company, Trump Media & Technology Group. Donald Trump's social media company Truth Social is set to go public Trump's Truth Social set to go public amid …

Media Social Trump Truth Company Share Truth Social
Column: Trump’s media company is going public, netting him billions. Why would anyone invest in it?
9 months ago

Column: Trump’s media company is going public, netting him billions. Why would anyone invest in it?

LA Times  

Investors in Truth Social, Donald Trump’s money-losing social media platform, voted to take it public at a valuation that could net him about $3 billion. The headline Trump news on Friday was that investors in Truth Social, his money-losing social media platform, voted to take it public at a valuation that could net the former president about $3 billion. In …

Social Trump Truth Investors Public Sec Invest
3 charged in insider trading case related to taking Trump media firm public, accused of making $22M
1 year, 5 months ago

3 charged in insider trading case related to taking Trump media firm public, accused of making $22M

Associated Press  

NEW YORK — Three Florida men were charged Thursday with making more than $22 million through illegal insider trading before the public announcement that an acquisition firm was going to take former President Donald Trump’s media company public. According to the indictment, the men were invited to invest in the special purpose acquisition company, Digital World Acquisition Corp., and were …

Media Florida Trump Acquisition Insider Trading Company New York
Trump's social media company collapses in price after Kanye West's Parler move: report
2 years, 2 months ago

Trump's social media company collapses in price after Kanye West's Parler move: report

Raw Story  

According to Forbes, Monday's announcement that pro-Trump rapper Kanye West, also known as Ye, is acquiring the right-wing social media platform Parler sent the share price tumbling for the "blank check" company in charge of former President Donald Trump's own Twitter alternative. "Shares of Digital World Acquisition Corp., the special purpose acquisition company with turbulent plans to merge with Truth …

Social Media Trump West Truth Social Twitter Dwac Parler
CEO of Trump's social media 'blank check company' sued by investor for 'brazen act of fraud': report
3 years ago

CEO of Trump's social media 'blank check company' sued by investor for 'brazen act of fraud': report

Raw Story  

On Thursday, Axios reported that a private equity investor, Brian Shevland, is suing the CEO of the so-called "blank check company" behind former President Donald Trump's attempt to build a new social media platform — and that he is alleging a fraud scheme. "The complaint suggests that conversations between Orlando and Trump began months before DWAC went public, which could …

Trump Orlando Dwac
Trump’s ‘Truth Social’ company merger already under investigation by US financial regulators
3 years ago

Trump’s ‘Truth Social’ company merger already under investigation by US financial regulators

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A “blank check” shell company that saw its value skyrocket …

Trump Company Inside Washington Washington Email Dwac
Trump's social media deal is being investigated by regulators
3 years ago

Trump's social media deal is being investigated by regulators

NPR  

Trump's social media deal is being investigated by regulators Enlarge this image toggle caption Brandon Bell/Getty Images Brandon Bell/Getty Images A planned merger between former President Donald Trump's social media startup and a shell company is being investigated by regulators. Its announcement comes less than two months after DWAC announced plans to merge with a new social media startup from …

Media Social Trump Company Sec Spac Dwac
MTG likely lost thousands investing in Trump's new media venture
3 years, 1 month ago

MTG likely lost thousands investing in Trump's new media venture

Salon  

Rep. Marjorie Taylor Greene could be out thousands of dollars after she purchased SPAC stock linked to former President Donald Trump's future social media platform. According to CNBC, Greene filed a public disclosure revealing she had invested up to $50,000 in Digital World Acquisition Corp., which has said that it will merge with Trump's social media company. But CNBC determined …

Trump Greene Dwac Mtg Likely Likely Lost Mtg Likely Lost
Trump tightens grip on social media company after SPAC deal success
3 years, 1 month ago

Trump tightens grip on social media company after SPAC deal success

The Hindu  

Former U.S. President Donald Trump will be able to retain the ownership of his newly launched social media venture even if he chooses to make another White House run or is convicted by prosecutors who are looking into his business dealings. Trump said last week that TRUTH Social would be created through a new company formed by a merger of …

Trump Company Tmtg Dwac Tightens Grip Material Disruptive Event
Inside the 'weird' world of DWAC -- Trump's already soaring social media SPAC
3 years, 2 months ago

Inside the 'weird' world of DWAC -- Trump's already soaring social media SPAC

Raw Story  

For many investors, it apparently doesn't matter that former President Donald Trump's new media venture has yet to create, well, anything. Millions rushed Thursday to snatch up shares of the blank-check company Trump is using to take his new media venture public, more than quadrupling its stock value in just one day. The venture's first project will be a social …

Social Trump Tmtg Spac Venture Media Company Dwac
Inside the "weird" world of DWAC, Trump's already soaring social media SPAC
3 years, 2 months ago

Inside the "weird" world of DWAC, Trump's already soaring social media SPAC

Salon  

For many investors, it apparently doesn't matter that former President Donald Trump's new media venture has yet to create, well, anything. The venture's first project will be a social media venture called "TRUTH Social," which is set to launch next month for "invited users" and will be available sometime early next year for the general public, according to Trump's statement. …

Social Media Trump Public Tmtg Spac Venture Dwac