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DWAC / Trump SPAC Digital World Acquisition reaches settlement in principle with SEC staff

Digital World Acquisition Corp. DWAC, +0.72%, the blank-check company planning to take former President Trump's media ventures public via a merger, said on Monday that it had reached a “settlement in principle” with the SEC's enforcement division, after the agency launched an investigation into the proposed tie-up between the two companies. If the SEC approves that settlement, the agency would issue a cease-and-desist order finding that the company violated anti-fraud laws related to its IPO filings “concerning certain statements, agreements and omissions relating to the timing and discussions the Company had” about the proposed deal with Trump's media company, Trump Media & Technology Group, which oversees the social platform Truth Social. Read More

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Posted: Jul 3 2023, 18:40

Author Name: Market Watch

DWAC News

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