SPAC

Some investors backing out of SPAC merging with Trump’s media firm

The Truth social network logo is seen on a smartphone in front of a display of former U.S. President Donald Trump in this picture illustration taken February 21, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterSept 23 (Reuters) – Some investors are backing out of Digital World Acquisition Corp’s (DWAC.O) plan to …

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Some investors backing out of SPAC merging with Trump’s media firm

(Reuters) – Some investors are backing out of Digital World Acquisition Corp’s plan to acquire former U.S. President Donald Trump’s social media firm Truth Social, the blank-check firm said on Friday.Digital World said it had received termination notices from private investment in public equity (PIPE) investors ending nearly $139 million in investments out of the …

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Some investors backing out of SPAC merging with Trump’s media firm

(Reuters) – Some investors are backing out of Digital World Acquisition Corp’s plan to acquire former U.S. President Donald Trump’s social media firm Truth Social, the blank-check firm said on Friday.Digital World said it had received termination notices from private investment in public equity (PIPE) investors ending nearly $139 million in investments out of the …

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Trump-linked SPAC adjourns meeting for three hours to continue vote on merger delay

This illustration photo shows Donald Trump’s new social media app Truth Social, glitching on a smartphone in Los Angeles, February 21, 2022.Chris Delmas | AFP | Getty ImagesDigital World Acquisition Corp., the SPAC aiming to take former President Donald Trump’s media company public, adjourned its shareholder meeting by another three hours to allow voting to …

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Trump’s Truth Social SPAC facing key shareholder vote

Comment on this storyCommentFormer president Donald Trump’s website Truth Social is barreling toward a financial cliff that could see its main lifeline disappear.A Trump-allied investment company, Digital World Acquisition Corp., asked shareholders this week to approve a one-year extension for its merger with Trump’s company while it fends off multiple federal investigations.But at a special …

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Trump media deal suffers blow as SPAC fails to win extension

The Truth social network logo is seen displayed behind a woman holding a smartphone in this picture illustration taken February 21, 2022. REUTERS/Dado Ruvic/IllustrationRegister now for FREE unlimited access to Reuters.comRegisterSept 6 (Reuters) – The blank-check acquisition firm that agreed to merge with former U.S. President Donald Trump’s social media company failed on Tuesday to …

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Exclusive: Deal partner for Trump’s Truth Social fails to get backing for SPAC extension

The Truth social network logo is seen on a smartphone in front of a display of former U.S. President Donald Trump in this picture illustration taken February 21, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterSept 5 (Reuters) – The blank-check acquisition firm that agreed to merge with Donald Trump’s social media …

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Bill Ackman to wind up SPAC, return $4 billion to investors

Bill Ackman during a Bloomberg Television interview on 1 November 2017. Billionaire investor William Ackman, who had raised $4 billion in the biggest-ever special purpose acquisition company (SPAC), told investors he would be returning the sum after failing to find a suitable target company to take public through a merger.Christopher Goodney | Bloomberg | Getty …

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Trump media company gets subpoena in federal criminal probe of SPAC deal

Former U.S. President Donald Trump gives the keynote address at the Faith & Freedom Coalition during their annual “Road To Majority Policy Conference” at the Gaylord Opryland Resort & Convention Center June 17, 2022 in Nashville, Tennessee.Seth Herald | Getty ImagesDonald Trump’s media company was subpoenaed by a federal grand jury in connection with a …

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