News Formal

Merger Approved for Social Network Company Amid SEC Investigation

  • 📰 Forbes
  • ⏱ Reading Time:
  • 35 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 53%

Business News

Merger,Social Network,SEC Investigation

A proposed merger has been approved for a social network company that is facing an SEC investigation and regulatory pressure. The merger would take the company public and involves Truth Social and Digital World Acquisition Corp.

Reported Tuesday, at the same time the company that planned to take the social network public faced an SEC investigation and regulatory pressure. approved a proposed merger that owns Truth Social, and blank check firm Digital World Acquisition Corp in a deal that would take the company public.

Although Musk reinstated Trump’s Twitter account in November 2022 shortly after purchasing Twitter for $44 billion, the former president has only in a meeting reported by The New York Times, but the billionaire also stated that he was “not donating money to either candidate for US President” in a Musk has not returned a request for comment from Forbes, and only told the Washington Post that he has “never been to Mar-a-Lago,” and Trump’s campaign and media company have also not commented on the report. The merger between TMTG and Digital World—known as a special-purpose acquisition company—was first announced in 2021, but was delayed as they sought regulatory approval from the SE

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:

 /  🏆 394. in NG
 

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Why This Red-State Democrat Is Backing A Corporate Merger That Has Unions FuriousDaniel Marans covers national campaigns and elections.
Source: HuffPostParents - 🏆 414. / 53 Read more »

OpenAI pushes back on Elon Musk lawsuit, says he suggested merger with TeslaOpenAI pushed back on Elon Musk's lawsuit alleging the AI company breached its founding agreement by creating a for-profit entity with communications showing he agreed with the move.
Source: FoxBusiness - 🏆 458. / 53 Read more »

RNC installs Trump’s chosen leaders in merger with his campaignTop advisers from Trump’s campaign will steer a party committee facing a dramatic fundraising shortfall.
Source: washingtonpost - 🏆 95. / 72 Read more »

Team Trump’s Merger with the R.N.C. Begins in TexasAntonia Hitchens writes about the Republican National Committee electing Lara Trump and Michael Whatley to lead the organization into the general election.
Source: NewYorker - 🏆 90. / 67 Read more »

Donald Trump Is Poised to Pocket Billions in a Meme Stock Media MergerThe former president has kept his finances in the dark. But now he’s pressed for cash and Truth Social could be the answer.
Source: VanityFair - 🏆 391. / 55 Read more »