The SPAC - a so-called blank-check company that’s formed and goes public to raise money to fund an acquisition of a private company, which will then take its place on the markets - announced Wednesday evening that it plans to merge with Trump’s new social media company. Trump has leverage, not them,” the firm added in a second tweet. But SPAC holders don’t own a piece of this project yet. “No opinion on the probability of success of TMTG. Based on Trump’s track record, at current price, renegotiation is likely to keep more of the merged company for him.” “Now that initial excitement has passed, we see only risks for investors in near future. “We are short $DWAC,” Iceberg said in a tweet. The firm announced its bet against the Trump SPAC, Digital World Acquisition Corp., saying Trump could seek to secure a better deal for his media company in a renegotiation of the merger. The special purpose acquisition company that plans to take former President Donald Trump’s media venture public is now the target of short-seller Iceberg Research - despite the stock’s huge rally last week. Trump uses A-list actor’s monologue without consent in ad to solicit campaign money
Justice is hardly blind in the federal case going against Trump Trump says he’ll run for prez even if convicted in docs case: ‘I’ll never leave’ Biden is more unfit for office by the minute while GOP nominees devolve into chaos
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