Back to Search
Start Over
Trump Media's Blockbuster SPAC Deal Set to Enrich Allies and Foes.
- Source :
- Bloomberg.com; 3/21/2024, p1-1, 1p
- Publication Year :
- 2024
-
Abstract
- Donald Trump's media startup, Trump Media & Technology Group, is set to go public through a deal with Digital World Acquisition Corp (DWAC), a special purpose acquisition company (SPAC). If approved, the deal will make several insiders, including management, sponsors, and former associates, wealthy on paper. DWAC's stock has seen a significant gain this year, leaving room for further equity-based rewards. Trump himself stands to reap billions of dollars from the deal. However, there are challenges, including a lock-up period and the company's struggle to generate profit. [Extracted from the article]
- Subjects :
- SPECIAL purpose acquisition companies
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 176204022