Tuesday, January 31, 2023

Trump-linked SPAC changes address to UPS store as investments pulled

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  • DWAC, the blank-check company set to take Trump Media and Technology Group public, changed its address to a Miami UPS store in a filing Friday.
  • As of Friday, DWAC had lost $138.5 million of its $1 billion in private financing.

The merger delay comes as Trump Media and DWAC are the subject of an Securities and Exchange Commission probe into whether alleged discussions between the two companies prior to the merger violated securities laws.

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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: CNBC

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