The US Securities and Exchange Commission on Thursday cleared the way for blank-check acquisition company Digital World Acquisition Corp’s merger with Donald Trump’s media and technology company.
Digital World said a registration statement for its proposed merger with Trump Media & Technology Group (TMTG), the operator of social media platform Truth Social, was declared effective by the SEC.
The closing of the deal would be a major boost for Trump, who will hold a stake of about 58% in the newly formed company.
DWAC shares soared nearly 30% on Thursday morning, and were last trading up 20% at $52.16, having touched a session high of $56.30.
https://www.theguardian.co...
Digital World said a registration statement for its proposed merger with Trump Media & Technology Group (TMTG), the operator of social media platform Truth Social, was declared effective by the SEC.
The closing of the deal would be a major boost for Trump, who will hold a stake of about 58% in the newly formed company.
DWAC shares soared nearly 30% on Thursday morning, and were last trading up 20% at $52.16, having touched a session high of $56.30.
https://www.theguardian.co...
US regulators clear path for Trump’s Truth Social merger | Donald Trump | The Guardian
Trump Media & Technology Group to merge with Digital World after SEC approval, with ex-president to hold 58% company stake
https://www.theguardian.com/us-news/2024/feb/15/sec-approve-trump-truth-social-merger
12:32 PM - Feb 18, 2024
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