:The blank check firm taking former U.S. President Donald Trump's social media venture public said it had received inquiries from U.S. financial regulators as it unveiled details about its business for the first time ahead of a stock market listing.
The SEC had sought documents relating to communications between the blank check firm and Trump's social media venture, meetings of DWAC's board, policies and procedures relating to trading, the identification of banking, telephone, and email addresses and the identities of certain investors. Trump Media inked its deal with Digital World to go public in October at a valuation of US$875 million, including debt. The venture is now valued at almost US$4 billion based on the price of Digital World shares at the end of trading on Friday. Trump supporters and day traders snapped up the stock.
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