Partner Of Trump's Social Media Company Proposes $18M Settlement To SEC: Report
Portfolio Pulse from Benzinga Newsbot
Digital World Acquisition (NASDAQ:DWAC), the primary financial collaborator of former President Donald Trump’s media company, has proposed an $18 million settlement to the Securities and Exchange Commission (SEC) to resolve an investigation into its initial merger discussions. The settlement, still pending SEC approval, could expedite the long-delayed merger between Digital World and Trump Media & Technology Group.
July 04, 2023 | 1:37 am
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Digital World Acquisition's proposed $18 million settlement to the SEC could expedite its merger with Trump Media & Technology Group, potentially boosting its financial position.
The proposed settlement could resolve the SEC investigation that has been delaying the merger between Digital World Acquisition and Trump Media & Technology Group. If approved, this could expedite the merger process, which is crucial for the company's financial plans. This could potentially have a positive impact on DWAC's stock in the short term.
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