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2023-07-05

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Trump-Tied SPAC DWAC Jumps 7% After Reaching Agreement With SEC Staff Over Merger

A blank-check firm, which was set to merge with former U.S. President Donald Trump's media company and under regulatory investigation, has reached an agreement with the staff of the Securities and Exchange Commission, a filing showed on Monday.The special purpose acquisition company , Digital World Acquisition Corp , said in the filing that the agreement was in principle and not yet definitive, and the terms were subject to the SEC's approval.DWAC shares jumped nearly 7% in premarket trading Wed

Trump-Tied SPAC DWAC Jumps 7% After Reaching Agreement With SEC Staff Over Merger

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