The investment company that planned to merge with the parent company of former President Trump’s Truth Social app has been fined $18 million by the Securities and Exchange Commission (SEC), the agency announced Thursday. Digital World Acquisition Corp. (DWAC) raised roughly $300 million in 2021 and later promised it would merge with Trump Media & Technology Group (TMTG), but the SEC claims its disclosures to investors were misleading. The merger has not yet occurred, but with the SEC matter settled, it may be able to go ahead. If it does not finish by a Sept. 8 deadline, the roughly $300 million will be returned. DWAC is a special purpose acquisition company (SPAC), a blank-check
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