The violations pertain to DWAC’s initial public offering process and “certain statements, agreements and omissions relating to the timing and discussions” with TMTG.
The filing notes that TMTG is not a party to the settlement and the company may disapprove and “try to terminate” the merger.The company said the settlement will help “remove the cloud of uncertainty lingering over DWAC and would allow DWAC to move forward in achieving its objective of delivering a strategic merger.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Truth Social’s merger partner offers $18 million in settlement to SECThe settlement, which is subject to SEC approval, could help unlock hundreds of millions of dollars Trump’s company has been counting on for months. But the filing also hinted at a tension between the companies that could undermine the deal entirely.
Source: washingtonpost - 🏆 95. / 72 Read more »
Trump SPAC Digital World Acquisition reaches settlement in principle with SEC staffDigital World Acquisition Corp. the blank-check company planning to take former President Trump’s media ventures public via a merger, said on Monday that it...
Source: MarketWatch - 🏆 3. / 97 Read more »
SPAC seeking merger with Trump's media company agrees to settlement with SEC | CNN BusinessBlank-check firm Digital World Acquisition Corp said it reached an agreement in principle with the Securities and Exchange Commission after the commission began investigating the company’s merger deal with Truth Social owner Trump Media & Technology Group.
Source: CNN - 🏆 4. / 95 Read more »
Crypto ATM Operator Bitcoin Depot Debuts on Nasdaq Following SPAC Merger.Bitcoin_Depot, the world's largest crypto ATM operator, listed on Nasdaq on Monday following its $885 million merger with a special purpose acquisition company. By JamieCrawleyCD
Source: CoinDesk - 🏆 291. / 63 Read more »