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Top related persons:
Eric Swider - 9 Donald Trump's - 7 DWAC - 6 Donald Trump - 5 Patrick Orlando - 4 Trump - 4 Swider - 3 Devin Nunes - 3
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Search resuls for: "Eric Swider"


10 mentions found


☆ Trump Media director accused of 'hacking' files in attempted corporate 'coup': lawsuit
  + stars: | 2024-04-10 | by ( Kevin Breuninger | ) www.cnbc.com   time to read: +4 min
That blank-check company last month completed a merger to take Trump Media & Technology Group Corp. public, allowing it to trade on the Nasdaq. Those co-founders have sued Trump Media in Delaware Chancery Court over their stake in the company. Trump Media did not immediately respond to CNBC's requests for comment on the lawsuit. Trump Media in an April 1 regulatory filing reported that ARC II owns 6.9%, or about 9.5 million shares, of the post-merger company. To access the account, which "stores the lifeblood" of both investment firms, Swider allegedly enlisted Cano, Orlando's former assistant.
Persons: Donald Trump, Stefani Reynolds, Donald Trump's, Eric Swider, Patrick Orlando, Swider, Orlando, Alexander Cano, DWAC's, he's, Cano, Orlando's, Brendan Mcdermid Organizations: AFP, Getty Images Investment, Benessere Investment Group, ARC Global Investments, Digital, Swider, Trump Media & Technology Group Corp, Nasdaq, Trump, DWAC, Securities and Exchange Commission, Trump Media, Wired, Orlando, collude, ARC II, ARC, Benessere, Truth Social, Trump Media & Technology Group Locations: Washington ,, South Florida, Orlando, Florida, Delaware Chancery, New York City, U.S
☆ Trump Media payday: What Truth Social executives got paid in stock and compensation
  + stars: | 2024-04-08 | by ( Dan Mangan | ) www.cnbc.com   time to read: +12 min
Those thresholds for the share price are well below where Trump Media stock was trading on Monday, when it closed at $37.17, down more than 8%. The filing disclosed that Trump Media awarded company stock to Nunes, chief financial officer Phillip Juhan, and chief operating officer Andrew Northwall. The three top executives, like Trump himself, are currently barred from selling any of their common stock in Trump Media for the next six months. CNBC asked a spokeswoman for Trump Media why promissory notes were used to grant stock to the executives. Legal battlesBesides Trump, the biggest shareholders in Trump Media are two corporate entities.
Persons: Dado Ruvic, Donald Trump, Devin Nunes, Trump, Kevin Murphy, Murphy, Nunes, Phillip Juhan, Andrew Northwall, Juhan, Northwall, DWAC, we've, Tom Williams, Kash Patel, Patel, Dan Scavino, Scavino, Department of Defense Kash Patel, Justin Sullivan, Sandro De Moraes, Vladimir Novachki, Scott Glabe, Novachki, Glabe, De Moraes, Eric Swider, beneficially, Renatus, Swider, Andy Litinsky, Wes Moss, Moss, Patrick Orlando, Mike Pont Organizations: Trump Media, Trump . Trump Media, Nasdaq, Corp, Trump, University of Southern, Securities and Exchange Commission, DWAC, SEC, CNBC, Partners, Northwall, Juhan, Trump Media's, U.S, Capitol, CQ, Inc, Getty, Equity, Messrs, Republican, Hudson Digital, Trump White House, Staff, Department of Defense, Digital, Renatus, ARC Global, United Atlantic Ventures, Twitter, Facebook, NBC, FilmMagic Locations: Juhan, California, Minden, Minden , Nevada, Orlando, New York City
☆ Truth Social owner Trump Media will begin trading under DJT ticker Tuesday
  + stars: | 2024-03-25 | by ( Dan Mangan | ) www.cnbc.com   time to read: +1 min
Former President Donald Trump's newly merged social media company will begin trading under the stock ticker symbol DJT on Tuesday, the firm said in a new regulatory filing. The company, which owns the Truth Social app platform, will be called Trump Media & Technology Group Corp., and will trade on the NASDAQ market. TMTG is the result of a combination of Trump's company and the shell company Digital World Acquisition Corp.A majority of DWAC shareholders on Friday voted to approve the merger with TMTG. DWAC's share price soared up to 25% higher on Monday's news, recovering losses it saw Friday after the merger was approved. Former DWAC CEO Eric Swider will become a director of Trump Media.
Persons: Donald Trump's, Trump, Devin Nunes, DWAC, Nunes, Eric Swider Organizations: Trump Media & Technology Group Corp, NASDAQ, TMTG, U.S . Securities, Exchange Commission, Trump Media, Big Tech
☆ DWAC shares soar as merger with Trump social media company appears closer
  + stars: | 2024-02-15 | by ( Ryan Anastasio | ) www.cnbc.com   time to read: +1 min
This photo illustration shows an image of former President Donald Trump next to a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. jumped 15% Thursday morning after the special purpose acquisition company announced Wednesday night that it is close to completing its proposed merger with Trump Media and Technology Group, former President Donald Trump's social media company. That SPAC first began merger talks with Trump's media group, which operates the Truth Social platform, in October 2021. Shvartsman last week was hit with a new money laundering count related to transfers he allegedly conducted after netting a profit of $18.2 million from selling DWAC stock. Shares of DWAC have rallied in recent months as Trump has emerged as the likely Republican nominee for president in November.
Persons: Donald Trump, Donald Trump's, DWAC, Eric Swider, Michael Shvartsman Organizations: Corp, Trump Media, Technology Group, The Securities, Exchange Commission, Department of Justice, SEC, Shvartsman, Trump, Republican Locations: Washington ,, Florida, New York
☆ Donald Trump just got the green light to return to Wall Street
  + stars: | 2024-02-15 | by ( Matt Egan | ) edition.cnn.com   time to read: +5 min
New York CNN —Months after leaving the White House, former President Donald Trump began plotting his return to Wall Street. US regulators have finally given the green light to a controversial merger between Truth Social owner Trump Media & Technology Group and a blank-check company. ‘This is a meme stock’Moreover, there are major questions about the sky-high valuation being placed on this media company. He described that valuation as “crazy” because Trump Media is generating little revenue and burning through cash. One of the final remaining hurdles is for Digital World shareholders to approve the merger in an upcoming vote.
Persons: Donald Trump, Trump, ”, Jay Ritter, Ritter, Devin Nunes, Eric Swider, “, Matthew Tuttle, he’s, Tuttle, — Organizations: New, New York CNN, White, Wall, Trump, Truth Social, Trump Media & Technology Group, Securities and Exchange, Trump Media, SEC, University of Florida, Republican, New SEC, ” Trump Media, Big Tech, Digital, Tuttle Capital Management Locations: New York, Trump, Atlantic City
☆ Trump media deal partner DWAC nears $50 million financing, sources tell Reuters
  + stars: | 2024-02-08 | by ( ) www.cnbc.com   time to read: +1 min
In this photo illustration, Digital World Acquisition Corp (DWAC) logo is seen on a smartphone and Trump Media & Technology Group (TMTG) logo on a pc screen. Digital World Acquisition Corp. , the blank-check acquisition company that has agreed to take former U.S. President Donald Trump's social media platform public, is nearing a $50 million financing deal, people familiar with the matter said on Thursday. The deal, which could be announced in the next few days, is based on convertible notes and will help fund DWAC while it seeks to complete its merger with Trump Media & Technology Group, owner of social media platform Truth Social, the sources said. The sources requested anonymity because details of the deal discussions are confidential. Representatives for Anson Funds, All Blue Capital and Mangrove Capital Partners did not immediately respond to requests for comment.
Persons: Donald Trump's, Eric Swider, Anson Organizations: Trump Media & Technology, Trump Media & Technology Group, Investment, Funds, Blue, Mangrove Capital Partners, Anson Funds
☆ Digital World extends deadline for merger with Donald Trump's media company
  + stars: | 2023-08-09 | by ( ) www.reuters.com   time to read: +1 min
Former U.S. President and Republican presidential candidate Donald Trump speaks during a campaign rally in Windham, New Hampshire, U.S., August 8, 2023. REUTERS/Reba SaldanhaAug 9 (Reuters) - Digital World Acquisition (DWAC.O) and former U.S. President Donald Trump's media company on Wednesday extended the deadline for their merger by over three months to Dec. 31, as they work to close the deal that has been delayed by regulatory scrutiny. The move comes weeks after blank-check firm DWAC settled fraud charges with the U.S. securities regulator, clearing some of the uncertainty over its merger with Trump Media & Technology Group (TMTG) - the parent company of the Truth Social app. The firm, which originally struck a deal to merge with TMTG in October 2021, had in June extended the deadline to Sept. 8. The company in July named Eric Swider as its new CEO after ousting Patrick Orlando in March.
Persons: Donald Trump, Reba Saldanha, Donald Trump's, DWAC, Eric Swider, Patrick Orlando, Jaspreet Singh, Anil D'Silva Organizations: U.S, Republican, REUTERS, Trump Media & Technology, TMTG, U.S . Securities, Exchange Commission, Thomson Locations: Windham , New Hampshire, U.S, Bengaluru
☆ Trump-linked SPAC surges as fraud settlement lifts hopes for deal completion
  + stars: | 2023-07-21 | by ( ) www.reuters.com   time to read: +1 min
"It was weighing on shares and this gives investors hope that a deal could be completed," said Dennis Dick, a trader and equity market structure analyst at Triple D Trading. If the deal consummates, TMTG will have more than $1 billion of cash in its reach from the SPAC's institutional investors. Earlier, the SPAC had extended the deadline to acquire TMTG by three months to Sept. 8 and named interim boss Eric Swider as its chief executive officer. Trump founded Truth Social months after he was permanently suspended on Twitter and Meta Platforms' (META.O) Facebook and has since amassed more than 5.5 million followers on his conservative social media platform. Reporting by Akash Sriram in Bengaluru; Editing by Shweta AgarwalOur Standards: The Thomson Reuters Trust Principles.
Persons: Donald Trump's, Dennis Dick, TMTG, DWAC, Eric Swider, Trump, Akash Sriram, Shweta Agarwal Organizations: U.S, Trump Media & Technology, Triple D, SEC, Truth, Twitter, Facebook, Thomson Locations: Bengaluru
☆ Trump-tied SPAC Digital World names Swider as permanent CEO
  + stars: | 2023-07-11 | by ( ) www.reuters.com   time to read: +1 min
July 11 (Reuters) - Digital World Acquisition (DWAC.O) has named Eric Swider as CEO, handing the interim boss reins of the blank-check company that is looking to complete its planned merger with former U.S. President Donald Trump's media and tech company. The move comes nearly four months after the special-purpose acquisition company (SPAC) ousted CEO Patrick Orlando, saying that a new management team was needed to tackle "unprecedented headwinds". Swider said on Monday the company's focus will continue to be on completing the merger with TMTG, as it is the "best option for shareholders". DWAC shares were up around 1% in premarket trading. Reporting by Jaspreet Singh in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.
Persons: Eric Swider, Donald Trump's, Patrick Orlando, DWAC, Swider, Jaspreet Singh, Maju Samuel Organizations: U.S, Trump Media & Technology, Justice Department, Securities and Exchange Commission, TMTG, Thomson Locations: Bengaluru
☆ Trump-linked Digital World Acquisition Corp fires CEO Patrick Orlando
  + stars: | 2023-03-22 | by ( Rebecca Picciotto | ) www.cnbc.com   time to read: +1 min
Former US president Donald Trump announced plans on October 20 to launch his own social networking platform called "TRUTH Social," which is expected to begin its beta launch for "invited guests" next month. Digital World Acquisition Corp. , the publicly traded blank check company that planned to merge with former president Donald Trump's social media company, fired its CEO earlier this week, according to a Wednesday filing. The former CEO, Patrick Orlando, will remain as a director for the company. Orlando and a DWAC representative didn't immediately respond to requests for comment. Amid those legal obstacles, Digital World has also faced financial struggles.
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