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Dec 7 - SEC Launches Investigation Into Donald Trump’s Media and Tech Firm, SPAC Partner



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 2 months ago '18        #1
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ChrisPartlowFro 
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Dec 7 - SEC Launches Investigation Into Donald Trump’s Media and Tech Firm, SPAC Partner
 

 
The U.S. Securities and Exchange Commission is seeking, among other details, information on the identity of certain investors in the company that plans to merge with Donald Trump’s recently established social network and media outfit as part of a “preliminary” investigation, according to financial filings.

The disclosure of the SEC probe comes after the October announcement that the Trump Media & Technology Group — which is prepping a social media network called “Truth Social” and a subscription-streaming service stocked with “non-woke” programming — plans to become a publicly traded entity through a merger with Digital World Acquisition Corp., a special purpose acquisition company (SPAC).


In early November 2021, Digital World Acquisition received “a voluntary information and document request from the SEC which sought, inter alia, documents relating to meetings of DWAC’s Board of Directors, policies and procedures relating to trading, the identification of banking, telephone, and email addresses, the identities of certain investors, and certain documents and communications between DWAC and TMTG,” according to SEC filings released Dec. 6.


Trump Hires Devin Nunes as CEO of His Media and Technology Startup
“According to the SEC’s request, the investigation does not mean that the SEC has concluded that anyone violated the law or that the SEC has a negative opinion of DWAC or any person, event, or security,” the filings state.

In addition, DWAC received a request for information from the private Financial Industry Regulatory Authority (FINRA) involving a review of trading that preceded the announcement of merger agreement with Trump’s media company. According to FINRA’s request, “the inquiry should not be construed as an indication that FINRA has determined that any violations of Nasdaq rules or federal securities laws have occurred, nor as a reflection upon the merits of the securities involved or upon any person who effected transactions in such securities,” per DWAC’s filings.

On Saturday, Dec. 4, DWAC and TMTG announced that Digital World Acquisition has secured deals for $1 billion in committed capital — to be received when the merger with Trump Media & Technology Group is completed — from “a diverse group of institutional investors,” which it it did not identify. The latest funding transaction will provide estimated proceeds of approximately $1.25 billion (after deducting estimated deal expenses) for the combined DWAC-TMTG entity, according to the companies.

“$1 billion sends an important message to Big Tech that censorship and political discrimination must end,” Trump, identified as chairman of TMTG, said in a statement. “America is ready for Truth Social, a platform that will not discriminate on the basis of political ideology. As our balance sheet expands, TMTG will be in a stronger position to f*ght back against the tyranny of Big Tech.”

Trump is planning to launch his own social network after the twice-impeached former U.S. president was kicked off or suspended from all major internet platforms over his role in the Jan. 6, 2021, deadly attack on the U.S. Capitol. This summer, Trump sued Facebook, Twitter and Google (and their CEOs) alleging they violated his First Amendment rights, despite the fact that the Constitution’s free-speech guarantees do not govern private companies.


Trump Media & Technology Group has said it will launch the Truth Social app in beta on an invitation-only basis in November. The company expects a public rollout in the first quarter of 2022. The Trump subscription VOD service is to be called TMTG Plus, led by Scott St. John, a former executive producer of shows including “Deal or No Deal” and “America’s Got Talent.” It has not announced pricing or an expected launch date. The SVOD service will include entertainment programming as well as “news, podcasts and more.”
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22 comments
 

 2 months ago '11        #2
PotheadFocker  topics gone triple plat - Number 1 spot x2
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Sorry orange feller, you can only browse one app at a time and Facebook has your corner LOCKED UP
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 2 months ago '20        #3
Xiox  topics gone triple plat - Number 1 spot x1
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Why is the SEC trying to give cheeto a hard time
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 2 months ago '16        #4
foshoVoodoo  topics gone triple plat - Number 1 spot x58
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bi*ch testified when she was 14 epstein pimped her to maga many times. the statue of limitations on r*pe had been removed, so why maga not locked up. This smoke n mirrors.
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 2 months ago '05        #5
phantomnation  topics gone triple plat - Number 1 spot x59
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Michael Cohen, r*pe, Racketeering, Electioneering, leading an insurrection, emoluments violations ...


The wheels of justice is moving slow for Teflon
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Top 10 most slapped recently  2 months ago '17        #6
Naga Sadow  topics gone triple plat - Number 1 spot x21
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I wonder how much foreign money he received.
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 2 months ago '04        #7
GUCCI C0ND0MS 
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 foshoVoodoo said
bi*ch testified when she was 14 epstein pimped her to maga many times. the statue of limitations on r*pe had been removed, so why maga not locked up. This smoke n mirrors.
She only said she met Trump. She didn't say she did anything s*xual with Trump.
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Top 10 most slapped recently  2 months ago '04        #8
gh3tto 
Props total: 53082 53 K  Slaps total: 14144 14 K
 GUCCI C0ND0MS said
She only said she met Trump. She didn't say she did anything s*xual with Trump.



walmart condoms is always playing defense for pedophiles what a disgusting magat coward






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 2 months ago '10        #9
lltreyll 
Props total: 7303 7 K  Slaps total: 2063 2 K
Glanced over at the title, and was reminded that my mind is different... cause I seen "spac" and immediately thought...





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 2 months ago '05        #10
Stupendamatic  topics gone triple plat - Number 1 spot x2
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 Xiox said
Why is the SEC trying to give cheeto a hard time
Probably because they plan to go public.

 2 months ago '10        #11
Bigg_Slime  topics gone triple plat - Number 1 spot x44
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young Dolph-100 shots is definitely in trump's playlist

MFs keep tryna unload the clip on the don and ain't hittin sh*t

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 2 months ago '16        #12
Boogersugar  topics gone triple plat - Number 1 spot x14
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 Bigg_Slime said
young Dolph-100 shots is definitely in trump's playlist

MFs keep tryna unload the clip on the don and ain't hittin sh*t

And what happened to Dolph remind me again you retard?


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 2 months ago '20        #13
Xiox  topics gone triple plat - Number 1 spot x1
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 Bigg_Slime said
young Dolph-100 shots is definitely in trump's playlist

MFs keep tryna unload the clip on the don and ain't hittin sh*t

Teflon Don

 2 months ago '19        #14
Big Gurthy  topics gone triple plat - Number 1 spot x3
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 Bigg_Slime said
young Dolph-100 shots is definitely in trump's playlist

MFs keep tryna unload the clip on the don and ain't hittin sh*t

A “black person” cheering on a white man doing some sh*t no black person would ever able to is the definition of co0ning.
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 2 months ago '16        #15
foshoVoodoo  topics gone triple plat - Number 1 spot x58
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 GUCCI C0ND0MS said
She only said she met Trump. She didn't say she did anything s*xual with Trump.
thats the way the news reported it but the court transcripts she clearly states what happened
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 2 months ago '04        #16
GUCCI C0ND0MS 
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 foshoVoodoo said
thats the way the news reported it but the court transcripts she clearly states what happened
Post them
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 2 months ago '04        #17
NAKHI ALLAH 
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 lltreyll said
Glanced over at the title, and was reminded that my mind is different... cause I seen "spac" and immediately thought...





Bruh... Lol

 2 months ago '04        #18
NAKHI ALLAH 
Props total: 44949 44 K  Slaps total: 3412 3 K
 Bigg_Slime said
young Dolph-100 shots is definitely in trump's playlist

MFs keep tryna unload the clip on the don and ain't hittin sh*t

 Boogersugar said
And what happened to Dolph remind me again you retard?


Grand opening grand closing

 2 months ago '10        #19
Bigg_Slime  topics gone triple plat - Number 1 spot x44
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 Big Gurthy said
A “black person” cheering on a white man doing some sh*t no black person would ever able to is the definition of co0ning.
Co00n deez black nutts u fu*kin weak a*s victim

Let me guess..u oppressed and the big bad white man is holding u down






Grow a set
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 2 months ago '10        #20
Bigg_Slime  topics gone triple plat - Number 1 spot x44
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 Boogersugar said
And what happened to Dolph remind me again you retard?


My comment wasnt about what DID happened to dolph, it's about what AINT happening to trump

That booger sugar u snorting really fu*ked up the little common sense that u did have

Just stupid as fu*k

U came in here like u was bout to flame me up



Goofy a*s boy
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 2 months ago '10        #21
Bigg_Slime  topics gone triple plat - Number 1 spot x44
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 NAKHI ALLAH said
Grand opening grand closing


Cheerleading a dumbass makes u the bigger dumbass

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 2 months ago '04        #22
NAKHI ALLAH 
Props total: 44949 44 K  Slaps total: 3412 3 K
 Bigg_Slime said
Cheerleading a dumbass makes u the bigger dumbass

Yea you big mad

 2 months ago '10        #23
Bigg_Slime  topics gone triple plat - Number 1 spot x44
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 NAKHI ALLAH said
Yea you big mad
Yea u big stupid
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