Former President Donald Trump's new media company said Saturday that it has lined up $1 billion in funding from a “diverse group” of institutional investors contingent on the consummation of its planned merger with the blank check company Digital World Acquisition Corp.Trump Media and Technology Group , which aims to launch a social media platform, did not share the names of the investors in the private investment in public equity transaction, or PIPE, which is unusual.
Reports surfaced earlier this week that Trump’s company was seeking to raise $1 billion in a PIPE deal that would value the company at around—more than three times the $875 million valuation ascribed to it in the merger with DWAC that was announced in October. In October, TMTG said it would launch a beta version of its social media platform in November, a goal which it appears to haveShares of DWAC soared 550% in the week after the merger to a height of $94.20, but the stock has given up much of its initial gains and recently has been trading in the $40s. The PIPE and the merger with DWAC, which raisedwhen it listed, are expected to leave Trump’s company with proceeds of about $1.25 billion, according to Saturday’s statement.
So he’s swindled $1,000,000 out of a bunch of losers. Sounds about right
His father always considered him a son to be ashamed of and he proved him right
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Trump Media Company Says It Has Raised $1 BillionIt did not disclose the investors, which is unusual. Of course he did. He's a con artist. How many billions does he owe banks, tho? Ok
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Trump media partner says it has lined up $1B in capital | AP NewsDonald Trump’s new social media company and its special purpose acquisition company partner say investors have pledged $1 billion. The former president, who has been banned from Twitter, plans to launch a messaging app called 'Truth Social.' The truth social Any checks on which part of the world that money’s coming from? 👀 This is just the Fox News comment section with more steps.
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Trump social media group raises $1 billion from undisclosed investorsDonald Trump's social media startup on Saturday announced that it secured $1 billion in new investment as part of its ongoing efforts to become publicly traded via a blank check company. Between the lines: None of the investors were identified, which is highly unusual for this sort of transaction. Get market news worthy of your time with Axios Markets. Subscribe for free.Details: This is a so-called PIPE investment at around $34.36 per share.That's a 20% discount to the SPAC's 5-day trading aver mikalche There's one born every minute.
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Another Team Trump lawyer to plead the Fifth in Jan. 6 probe.MaddowBlog: For the second time this week, a lawyer close to Former President Trump has told the Jan. 6 committee that he will plead the Fifth. MaddowBlog Is it really as simple as pleading the 5th to hide the fact that you participated in a treasonous act? MaddowBlog Good, the left-wing sheep should stop hiding behind. We almost got Trump if only blah blah blah. Seriously how many more years is this propaganda channel going to talk up a big game? MaddowBlog Time for a special prosecutor.
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