Ex-US president planning to list Trump Media & Technology Group if merger with special purpose acquisition company goes ahead
Trump’s finances are under pressure as he prepares to contest the US presidency with Joe Biden for a second time.Trump’s finances are under pressure as he prepares to contest the US presidency with Joe Biden for a second time.Donald Trump’s wealth is set to increase by about $3.4bn if a shareholder vote on Friday paves the way for the float of his
The Spac, called Digital World Acquisition, has scheduled a vote on the merger with Trump Media for Friday. However, there are complications around the planned vote after Digital World sued sponsor ARC Global Investments, which is trying to delay the deal, to back the merger. Trump’s finances are under pressure as he prepares to contest the US presidency with the incumbent, Joe Biden, for a second time. Last month Trump was formally ordered by a New York judge tofollowing a civil fraud case, in which the former president was found to have manipulated the value of his properties to obtain advantageous loan and insurance rates.Trump has described the case as a “witch-hunt”, has denied all wrongdoing and intends to appeal against the ruling.
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