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Trump’s Truth Social merger partner settles fraud charges with SEC over misleading investors

Por: MarketWatch Politics July 20, 2023

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Regulators say the DWAC was formed in early 2021 with an expressed plan to acquire Trump’s media company, the parent of the Truth Social media network, a Twitter-like business created to appeal to Trump’s followers. But the SEC says the company’s executives didn’t disclose that fact to investors as they raised money to fund the venture, which amounted to fraud. DWAC raised nearly $300 million in its initial public offering. A SPAC is... + full article



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