Tuesday, December 7, 2021

Trump SPAC Under Investigation by Federal Regulators, Including SEC

 

The special purpose acquisition company, or SPAC, that announced plans to merge with former President Donald Trump’s new social media company is under investigation by federal regulators, the company disclosed on Monday.

The SPAC, Digital World Acquisition Corp., disclosed the investigation in a filing with the Securities and Exchange Commission.

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“DWAC has received certain preliminary, fact-finding inquiries from regulatory authorities, with which it is cooperating,” the company said.

 More @  RTM

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