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Top related persons:
Prosecutors - 1 — - 1 Donald Trump's - 1 Michael Shvartsman - 1 Gerald Schvartsman - 1 Bruce Garelick - 1 Garelick - 1 DWAC didn't - 1
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US Department of Justice - 1 Trump Media - 1 Technology - 1 Service - 1 Department of Justice - 1 Trump - 1 Authorities - 1 Federal Reserve - 1

Search resuls for: "DWAC didn't"


4 mentions found


☆ 3 investors charged with insider trading ahead of deal to take Donald Trump's social-media company public
  + stars: | 2023-06-30 | by ( George Glover | ) www.businessinsider.com   time to read: +2 min
The US Department of Justice charged three men with insider trading on Thursday. Prosecutors said the investors illegally made $22 million trading shares in a blank-check company in October 2021. The trio loaded up on shares in DWAC just days before it announced a plan to merge with Trump Media and Technology Group. Neither Trump nor Trump Media are accused of any wrongdoing. Authorities said that Garelick, who served on DWAC's board of directors in addition to his role as Rocket One's investing chief, gave "intelligence" about a potential merger with Trump Media to the Shvartsmans.
Persons: Prosecutors, —, Donald Trump's, Michael Shvartsman, Gerald Schvartsman, Bruce Garelick, Garelick, DWAC didn't Organizations: US Department of Justice, Trump Media, Technology, Service, Department of Justice, Trump, Authorities, Federal Reserve Locations: DWAC
☆ Truth Social merger partner's shares slip after Trump weighs in on Elon Musk Twitter deal
  + stars: | 2022-10-28 | by ( Jack Stebbins | ) www.cnbc.com   time to read: +3 min
Shares of Digital World Acquisition Corp. , the blank check company set to take Trump Media and Technology Group and its Truth Social platform public, slipped Friday as Elon Musk took the reins at Twitter. The former president had around 88 million followers on Twitter, but he's amassed only 4.37 million on Truth Social. Barring legal intervention, Trump Media currently has until December to complete the merger with DWAC and go public. Trump posted on Truth Social Friday praising Musk's acquisition, but also touting his own platform. "TRUTH SOCIAL has become somewhat a phenomena.
☆ Digital World Acquisition Corp prepares merger-delay vote as Trump Media exec warns company will fail
  + stars: | 2022-10-10 | by ( Jack Stebbins | ) www.cnbc.com   time to read: +4 min
The former US President announced his intention to create a new social media platform after he was banned from Facebook and Twitter last year. The company is also dealing with the fallout from a Trump Media executive's whistleblower complaint to federal regulators. A senior vice president at Trump Media, William Wilkerson, filed a whistleblower complaint alleging securities violations in August. Trump Media recently announced that the company was exploring legal action against the SEC for delaying the deal. "If they don't come with the financing I'll have it private," Trump said to supporters in an early-October rally in Michigan.
☆ Trump-linked SPAC's stock falls as shareholders weigh delaying merger with ex-president's media firm
  + stars: | 2022-08-29 | by ( Jack Stebbins | ) www.cnbc.com   time to read: +2 min
The current deadline to take Trump Media public is Sept. 8. Trump Media and Technology Group controls Truth Social, which is reportedly facing severe financial difficulties. DWAC warned last week that damage to the former president's dwindling popularity could hurt the deal. The Securities and Exchange Commission as well as the Justice Department have been investigating the proposed merger between DWAC and Trump Media. Federal prosecutors have subpoenaed Trump Media as it probes possible undisclosed conversations between the SPAC and Trump Media employees that may have violated securities regulations.
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