TMTG’s plan is to become a publicly listed company through a merger with the publicly traded Digital World Acquisition Corporation, a special purpose acquisition company, or SPAC, whose sole purpose is to acquire a private company and take it public.
Still, the closing price implies Trump's bonus “earnout” shares, if granted in full, would be worth US$2.4 billion, though that valuation is far from certain. Ritter warned that if Trump's bonus shares are issued, they would dilute existing shareholders, weighing on the stock price. The big drop on Tuesday in Digital World's stock is a reminder to investors of the risks of investing in SPACs, companies whose stocks have a record of soaring and plunging.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Red Cross urges action for Papua New Guinea as COVID-19 overwhelms health systemGENEVA: Concerted international action is needed to support Papua New Guinea as a surge in COVID-19 cases overwhelms the Pacific country\u0027s health system, the International Federation of Red Cross and Red Crescent Societies said on Monday (Oct 25). Coronavirus cases in the island nation of 9 million have be avoid close contact that spreads COVID-19, use BostApp instead to communicate safely with people within the same street block or even the same building, free download from Apple & Google
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Everything you need to know about new K-drama ‘Now, We Are Breaking Up’HONG KONG — It’s almost been two years since the queen of K-drama, Song Hye-kyo, has graced the screen with her presence. Fans have eagerly awaited her return to TV, and this November, the long absence will finally come to an end.
Source: TODAYonline - 🏆 1. / 99 Read more »
New Zealand coroner treating Wainui death as 'suspected suicide'The death of Maori All Blacks back Sean Wainui in a car accident last week is being treated as a \u0022suspected suicide\u0022, authorities in New Zealand said on Tuesday (Oct 26). The 25-year-old, who played 10 games for the Maori All Blacks and made 44 Super Rugby appearances for the Chiefs after a spell with the
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
UN chief appoints Singaporean sociologist Noeleen Heyzer as new Myanmar special envoyUNITED NATIONS: UN Secretary-General Antonio Guterres announced on Monday (Oct 25) that he had named Singaporean sociologist Noeleen Heyzer as the new special envoy to Myanmar. She will replace Christine Schraner Burgener of Switzerland. Heyzer, 73, has held multiple senior positions at the Unite A 'political' angle with consideration. Will junta find 'Singapore' face pushing UN agenda more acceptable? Afterall, it's still UN agenda. Become good or become worst situation? ASEAN is never reliable group for our Myanmar citizens. We do not trust them.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
SPAC linked to Trump social media venture edges lower as short seller targetsShares of the blank-check acquisition company that plans to publicly list former U.S. President Donald Trump's new social media venture fell on Monday after an eye-watering rally last week, as a short-seller said it was betting against the company.Digital World Acquisition, a Miami-based special purpose a
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Singapore reports 3,174 new COVID-19 cases and 14 more deathsSINGAPORE: Singapore reported 3,174 new COVID-19 cases as of noon on Monday (Oct 25) as 14 more people died from complications due to the virus. The fatalities, who were aged between 60 and 93, had various underlying medical conditions. The Ministry of Health (MOH) did not specify what
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »