Trump Deal Faced Widespread Investor Doubt Before Raising $1 Billion

More than a dozen big Wall Street money managers said no to Trump Media, but the Pentwater and Sabby hedge funds are among those that have committed millions.

#digital-world-acquisition-corp, #hedge-funds, #initial-public-offerings, #nunes-devin-g, #presidential-election-of-2024, #social-media, #special-purpose-acquisition-companies-spac, #trump-mediatechnology-group, #trump-donald-j, #united-states-politics-and-government

Former Insider at the Company Merging With Trump Media Sues Over ‘Brazen’ Fraud

A prospective investor in Digital World Acquisition Corp., a special purpose acquisition company that is merging with President Donald J. Trump’s social media start-up, says he was removed from a slate of board nominees without warning and deprived of shares he was owed.

#digital-world-acquisition-corp, #mergers-acquisitions-and-divestitures, #orlando-patrick-f, #shevland-brian, #special-purpose-acquisition-companies-spac, #trump-mediatechnology-group

Before Trump’s SPAC Deal, a Strange Surge in Trading

Trading in the merger partner’s warrants, which allow holders to buy shares later, spiked several times before the Trump Media agreement was made public.

#digital-world-acquisition-corp, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #securities-and-commodities-violations, #special-purpose-acquisition-companies-spac, #trump-mediatechnology-group, #trump-donald-j

Trump’s Media Company Investigated Over SPAC Deal

A financing company told investors that it wasn’t in deal talks, weeks after its C.E.O. held a private videoconference about a possible deal with Donald Trump.

#digital-world-acquisition-corp, #orlando-patrick-f, #securities-and-commodities-violations, #securities-and-exchange-commission, #special-purpose-acquisition-companies-spac, #trump-mediatechnology-group, #trump-donald-j

Spurned by Twitter, Trump will attempt to build his own version.

The former president will attempt to build his own version of the social media giant.

#digital-world-acquisition-corp, #facebook-inc, #internal-sub-only-nl, #social-media, #trump-mediatechnology-group, #trump-donald-j, #truth-social, #twitter, #youtube-com