From Ciara Linnane's 2-23-24 MARKETWATCH article entitled "DWAC Updates SEC Filings to Reflect New Risk Factors in Plan to Buy Trump Media & Technology Group":
Digital World Acquisition Corp. said Friday it has updated its filing with the Securities and Exchange Commission regarding its planned merger with Trump Media and Technology Group, former President Donald Trump’s social-media company, to reflect new risk factors [...].Trump “is the subject of numerous legal proceedings, the scope and scale of which are unprecedented for a former President of the United States and current candidate for that office,” said the update.
DWAC said it cannot guarantee that opponents of Trump may make moves aimed at preventing the deal from closing.
“We cannot assure you that the claims asserted against TMTG or Digital World are without the financial and/or human capital resources of operatives representing the interests of political opponents of President Trump focused on thwarting the business combination to prevent President Trump’s potential financial gain, which focus could further delay, or prevent, the completion of the business combination,” DWAC said in the update.
The update also cautioned that the deal could be delayed by Trump Media’s co-founders, Andy Litinsky and Wes Moss, whose investment company, United Atlantic Ventures, has threatened to block the deal.
To read the entire article, click HERE.
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