Trump Media Company Says It Has Raised $1 Billion

Trump Media Company Says It Has Raised $1 Billion:

Trump Media Company, Donald Trump

12/6/2021 1:08:00 AM

Trump Media Company Says It Has Raised $1 Billion:

It did not disclose the investors, which is unusual.

ToplineFormer 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.

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Former President Donald Trump (Photo by Tom Pennington/Getty Images)Getty ImagesKey FactsTrump Media and Technology Group (TMTG), 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$3 billion—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 have, and roll out a complete version next year.Key BackgroundShares 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 raised

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$293 millionwhen it listed, are expected to leave Trump’s company with proceeds of about $1.25 billion, according to Saturday’s statement. TMTG will use the money to build out a social media platform called TRUTH Social that it says “will not discriminate on the basis of political ideology” and will “fight back against the tyranny of Big Tech.” Trump is hoping to use it to re-establish the social media presence he lost when he was banned from major social media platforms for spreading misinformation about election fraud after his supporters stormed the U.S. Capitol on January 6. 

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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

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

Trump Social Media Blows Deadline, Still Claims $1 Billion Commitment From Secret InvestorsThis will show 'Big Tech,' crows Trump. Putin is only spending $1B? Man he’s going cheap this time. What’s Vegas’ over/under on its bankruptcy? What generates dividends? EARNINGS NEW CONTRIBUTIONS New contributions, and not earnings SOUNDS LIKE A PONZI SCHEME! Unless investors believe that funneling money to Donald Trump will create a return on their investment! Unlike Trump’s Con on GOP (lie removing any oversight

Trump media partner says it has lined up $1B in capital | AP News Donald 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.

Trump social media group raises $1 billion from undisclosed investors Donald 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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