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Trump-Linked SPAC Digital World Manages To Attract Critical Funding by Offering Extremely Generous Terms to Investors

NewsTech

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Reading time: 1 min.

Digital World Trump Media and Technology Group

After formally losing every cent of the original $1 billion in PIPE investments, the Special Purpose Acquisition Company (SPAC) Digital World - which still intends to merge with Truth Social's parent entity, Trump Media and Technology Group (TMTG) - appears to have secured a critical financial lifeline as it continues to navigate the messy labyrinth of its still-pending business combination. I don't understand why the need for all the goodies included in the new $DWAC PIPE. The share price is in the $40s, but they have a UNIT (which includes a half warrant) converting at $8.00??? And then they get […]

Read full article at https://wccftech.com/trump-linked-spac-digital-world-manages-to-attract-critical-funding-by-offering-extremely-generous-terms-to-investors/

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