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Trump-Linked SPAC Digital World (DWAC) Formally Loses Every Cent of Its Original $1 Billion in Pipe Investments

NewsTech

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Reading time: 1 min.

Trump Media and Technology Group Digital World

Digital World (NASDAQ: DWAC), the Special Purpose Acquisition Company (SPAC) that is slated to take the parent of the Truth Social app - Trump Media and Technology Group (TMTG) - public in a reverse merger deal, continues to pay the price for not adhering to its contract timelines, bogged down as it is by a number of federal investigations. Digital World raised supplemental PIPE investments worth $1 billion back in 2022. These investments were supposed to bolster Truth Social's finances after the consummation of the merger agreement between Trump Media and Technology Group and Digital World. That consummation, however, has […]

Read full article at https://wccftech.com/trump-linked-spac-digital-world-dwac-formally-loses-every-cent-of-its-original-1-billion-in-pipe-investments/

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