SEC Approves Trump’s Truth Social Deal

SEC Approves Trump's Truth Social Deal 

OAN's Elizabeth Volberding

6:00 PM – Monday, February 19, 2024

The United States Securities and Exchange Commission (SEC) approved former President Donald Trump's social media platform, Truth Social, to merge with a blank-check company called Digital World Acquisition Corporation.

After two years of delays due to a thorough investigation by regulators, the SEC has finally approved a contentious merger that will soon reportedly launch on Wall Street under Donald Trump's Truth Social platform.

The Trump Media & Technology Group, the company that owns Truth Social, and Digital World Acquisition Corporation (DWAC), which is a Special Purpose Acquisition Company (SPAC) that intends to take the company public, has received approval from the SEC to merge. 

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(*) https://www.oann.com/newsroom/sec-approves-trumps-truth-social-deal-worth-up-to-10b/