SEC Slaps DWAC with Fraud Charge Over Undisclosed Trump Media Acquisition Plans

The SEC has charged SPAC Digital World Acquisition Corporation (NASDAQ: DWAC) with fraud over its planned merger with Donald Trump’s social media company, Trump Media & Technology Group (TMTG). The SEC alleged that Nasdaq-listed DWAC had failed to disclose to investors and securities regulators its intent to acquire TMTG prior to going public in 2021. … Continue reading SEC Slaps DWAC with Fraud Charge Over Undisclosed Trump Media Acquisition Plans