Trump-tied SPAC agrees to pay $18M penalty in federal settlement ...Middle East

The Hill - Technology

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

Hence then, the article about trump tied spac agrees to pay 18m penalty in federal settlement was published today ( Friday 21/07/2023 - 11:56 PM ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Trump-tied SPAC agrees to pay $18M penalty in federal settlement )

Last updated : 21 July 2023 clock 11:56 PM

Also on site :

Trump-tied SPAC agrees to pay $18M penalty in federal settlement ...Middle East

Company tries to make flying car of the future

Chromebook Remorse: Tech Backlash at Schools Extends Beyond Phones

AI chatbots are prone to frequent fawning and flattery— and are giving users bad advice because of it: study

Surprise! 9-year-old Hollow Knight's brutal final boss fight may be just that little bit easier after this patch

Death Stranding 2: On the Beach's PC release takes sequel's total sales past 2 million

Dataminers think they've found evidence of an unannounced Game Pass tier showing only older first-party games

Verdicts against Meta, YouTube spur new momentum for kids online safety push

Crimson Desert deploys weekend patch – here's what's new

The Memo: Pro-Iran memes go viral, striking back at Trump in propaganda war

Former Valve writer hits out at Epic Games layoffs: "It's not like they're a publicly traded company. It's not like there's some need to hit the stock market thing. This is Tim"

Wanderstop studio Ivy Road to close after funding for second game "didn't come to fruition"

The jobs most vulnerable to AI — as new study predicts 9 million American workers to be displaced by bots in 5 years

New report claims Kingdom Come: Deliverance 2 studio fired translator to replace them with AI and "save finances"

Krafton cancels F2P PUBG spin-off PUBG: Blindspot after just 2 months

Wikipedia officially bans AI-generated content — relying on human editors for bot detection