News Formal

SPAC seeking merger with Trump's media company agrees to settlement with SEC | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 95%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Blank-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.

The terms are not yet definitive, according to an SEC filing, and the final agreement is subject to approval by the commission. If it’s approved, the SEC will enter a cease-and-desist order with the company, finding

amends its IPO filings, it will have to pay the SEC an $18 million civil penalty after the closing of any merger deal. could not be immediately reached for comment.

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:

 /  🏆 4. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »