CORRECTION: Reported July 04, 2023 'Truth Social's Merger Partner Reaches $18M Settlement With SEC' - Independent
Portfolio Pulse from Happy Mohamed
Truth Social's merger partner has reached an $18M settlement with the SEC. The news may have implications for Digital World Acquisition Corp. (DWAC), which is associated with Truth Social.
July 05, 2023 | 1:03 pm
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NEGATIVE IMPACT
The $18M settlement of Truth Social's merger partner with the SEC may impact DWAC, which is associated with Truth Social.
The settlement indicates regulatory scrutiny which could potentially impact the merger and thus DWAC's future prospects. This could lead to negative sentiment among investors, potentially driving the stock price down in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75