Spac deal media company Donald Trump under scrutiny at SEC | Financial

In the period from October to early November, the SEC requested information from Digital World Acquistion about, among other things, communications with Trump’s social media company. The American stock market watchdog also wants to know more about the state of affairs at the board of DWAC and the identity of some investors.

Digital World Acquistion, which was already listed on tech exchange Nasdaq, skyrocketed after the merger with TMTG. However, the stock had to lose ground on Monday in response to the news about the SEC. On balance, the price is still more than 300% in the plus at a position of $43.

Trump launched TMTG in early February as a move against the major social media companies, such as Twitter and Facebook. His personal account was blocked there in the wake of the storming of the Capitol by Trump supporters nearly a year ago.

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