The deal between a special purpose acquisition company (SPAC) and former President Donald Trump's new social media company is being investigated by the US Securities and Exchange Commission and other regulators, according to a report filed with the SEC that was first reported by the New York Times.
According to the document from Digital World Acquisition Corp. (DWAC) — the SPAC that intends to merge with Trump's new media venture, Trump Media & Technology Group Corp. (TMTG) — the SEC has requested documents about meetings of the SPAC's board of directors, "policies and procedures relating to trading," identification of certain investors, and copies of communication between DWAC and TMTG.-- More...
