Tag

Spac Deal

All articles tagged with #spac deal

business-legal1 year ago

"Trump Files Lawsuit Against Truth Social Co-Founders for Mismanagement"

Trump Media Technology Group, owner of Truth Social, has filed a lawsuit against the co-founders of the platform, Andy Litinsky and Wes Moss, accusing them of mismanaging the company's operations and hindering its public merger. Litinsky and Moss had previously sued Trump Media for diluting their shares in the company. The lawsuit comes after Truth Social's volatile stock performance following its SPAC deal, with speculation that the cash infusion could help Trump settle his legal bills, including a $454 million fraud case and an $83.3 million defamation suit.

business-politics1 year ago

"Legal Battles and Potential Billions: Trump's Windfall from Truth Social Merger"

A potential $3.5 billion windfall for Donald Trump is at stake as a legal battle looms over a Special Purpose Acquisition Company (SPAC) deal. The deal involves Digital World Acquisition Corp's merger with Trump Media & Technology Group, which could result in Trump receiving a significant payout. However, the Securities and Exchange Commission (SEC) has raised concerns about the deal, leading to uncertainty and potential legal challenges.