The shell company facilitating former President Donald Trump’s return to Wall Street disclosed Monday that federal Regulators are investigating the deal. Trump announced a new media venture that would stand up to the tyranny of Big Tech.
That new entity, chaired by the former president, agreed to go public through a merger with Digital World, a Special Purpose Acquisition Company, or SPAC.In a filing Monday, Digital World Acquisition Corp. said it received a document and information request from the Securities and Exchange Commission in early November.
Trump began discussing a merger with Digital World long before the blank-check company went public and before such talks were disclosed to investors. Digital World said Monday the SEC request sought documents relating to meetings of its board of directors, policies and procedures related to trading, the identification of banking, telephone, and email addresses, and the identities of certain investors.
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