Trump Media & Technology Group and Digital World Acquisition Corp Merger

Discussion in 'Latest US & World News' started by EasyEight, Feb 23, 2024.

  1. EasyEight

    EasyEight Newly Registered

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    The Securities and Exchange Commission has signed off on one of the last outstanding hurdles to a more than two-year-old planned merger to take the Donald Trump's media venture public, according to the companies behind the deal, Trump Media & Technology Group and Digital World Acquisition Corp.

    The U.S. Securities and Exchange Commission allowed Donald Trump's media and technology company to merge with a blank-check acquisition vehicle in a deal that currently values the parent of his social media app Truth Social at as much as $10 billion.

    Does this mean that Trump can use this money to pay off settlements against him?
    I tried to find out online but could not find an answer. There is nothing on cable news about this and I would think it would be big news because it would affect his ability to pay the settlements and would settle the issue of whether or not he is a billionaire.
     
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