The publicly traded SPAC that has announced plans to merge with former President Donald Trump’s new social media company said in a new filing Monday that the Securities and Exchange Commission and another market regulator have asked for information regarding stock trading and communications with Trump’s company before the deal was announced.
The investigations by the SEC and the Financial Industry Regulatory Authority were disclosed in an 8-K filing with the SEC by Digital World Acquisition Corp., the special purpose acquisition company.
The filing comes just two dates after Trump’s company, Trump Media & Technology Group and DWAC said the SPAC had reached agreements to obtain $1 billion in committed capital from a “diverse group of institutional investors” to be received when the merger is consummated.
republicbrief.com/trump-spac-under-investigation-by-federal-regulators-including-sec/