6 articles
Trump Media and Technology Group (TMTG) faces growing hurdles in consummating its planned merger with the SPAC, Digital World (DWAC)
Under the preliminary terms, Digital World will pay a civil penalty of $18 million to the SEC immediately after closing its merger agreement with Trump Media and Technology Group.
The CEO of Digital World had held a number of undisclosed discussions with TMTG as well as other investors in the spring and summer of 2021.
The Trump Media and Technology Group faced serious cash constraints when it could not close its merger agreement with Digital World for an extended period.
Trump Media and Technology Group has entered into a $2.5 billion SEPA and an all-equity deal to acquire IP assets for its CDN.
As the buzz around a $TRUMP coin wallet waned, the Trump Media and Technology Group filed with the SEC to launch the Truth Social Bitcoin ETF.