Bill Clinton takes jab at Trump on late night talk show
... president of the U.S. Neither Trump or current President Joe Biden have announced their intentions for the 2024 election, but both are expected to run. Trump owned Trump Media Technology Group is working to become a publicly traded company with a pending SPAC merger with Digital World Acquisition Corp DWAC.
Updated: 09/24/2022
Donald Trump received gold bars, was asked to pay in a box
... with the gold bars, he told his once security guard Matt Calamari, who later went on to become the chief operating officer of the Trump Organization Trump Organization , to wheel the bars up to his apartment in Trump Tower. See also: Trump -Linked SPAC Faces Another Setback As Private Investors Withdraw $138.5 M Commitment: Is The Deal At Risk? The report said that Trump borrowed several million dollars from the Trump Organization Trump Organization executive George Ross, saying it was to cover ...
Updated: 09/24/2022
Trump-linked Digital World struggles to complete deal
... conversion rate of preferred shares so that it becomes viable for them. Due to the pending regulatory review, Digital World extended the closing timeline by three months after failing to get approval from shareholders for an extension. The shareholders of SPAC will meet in October 2022 to decide the fate of the deal. If the deal is not completed, TMTG will be deprived of the $1.3 billion cash infusion it is supposed to get from Digital World . According to Benzinga Pro , Digital World closed Friday ...
Updated: 09/24/2022
Investors pull out of Trump's Truth Social deal
... the PIPE . More investors could pull out in the next few weeks, sources said, because they can terminate anytime after the deadline. Sources said that many are waiting for DWAC to propose more preferred terms to PIPE investors. The deal between SPAC and Trump Media and Technology Group TMTG , which owns Truth Social, has been on ice due to civil and criminal investigations into the circumstances surrounding the agreement. The SPAC had been hoping that the U.S. Securities and Exchange Commission ...
Updated: 09/23/2022
Tech startup Faraday Future says misinformation campaign hurt fundraising efforts
... success of Tesla , Faraday hopes to raise new funding through the IPO to expand its operations and global footprint. Faraday joins a growing list of high-profile companies that have gone public via the so-called special purpose acquisition companies SPACs.
Updated: 09/23/2022
CBO Health reportedly considering sale with Humana, CVS
... acquisition interest from Humana Inc HUM and CVS Health Corp CVS . Hedge fund Third Point LLC, which owns 6.4% of Cano, has been pushing the company to put itself up for sale as its stock price has fallen since it went public last year, as a result of the SPAC transaction. People familiar with the situation told Wall Street Journal that Humana and Cano are serious. A deal could be reached as soon as next week if talks don't break down. After the article, Cano Health shares closed almost 40% up, giving ...
Updated: 09/23/2022
Peter Thiel backed conservative video network Rumble shares soar 40%
After a $2 billion SPAC merger with a blank-check firm CF Acquisition Corpude the company's shares rose by 40% as a result of the company has first day of trading before settling at 37%, according to a conservative video network backed by billionaire Peter Thiel. After ...
Updated: 09/21/2022
Dow Jones closes more than 300 points lower than expected
... more than 300 points on Tuesday, with the U.S. stocks closing lower. Here is the list of stocks that have had losses in the previous session. Digital World Acquisition Corp. dropped 16.9%, to close at $18.61 after a FT report showing investors in the SPAC are pushing for better terms in a financing package. Chewy, Inc. fell 8.7% to close at $32.49.
Updated: 09/21/2022
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