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Trump media may lose out on $1.3Bn as merger plans falter amid money woes

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Digital World Acquisition Corp., which is a Special-Purpose Acquisition Company (SPAC), plans to take the former president's media company public.

's media company that runs his social media platform Truth Social, might miss the opportunity of receiving nearly $1.3 billion if a merger plan with blank-check company Digital World Acquisition Corp. fails.

If the deal is successfully completed, Trump's media company would receive $293 million from DWAC in addition to $1 billion in the form of a private investment in public equity . Above, Donald Trump's social media app Truth Social's logo is seen on a smartphone. Trump Media & Technology Group, Trump’s media company that runs his social media platform Truth Social, might miss the opportunity of receiving nearly $1.3 billion if a merger plan with blank check company Digital World Acquisition Corp. fails.

 

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