https://www.sec.gov/news/press-release/2023-135
SEC Charges Digital World SPAC for Material Misrepresentations to Investors
FOR IMMEDIATE RELEASE
2023-135
Washington D.C., July 20, 2023 —
The Securities and Exchange Commission today announced settled fraud charges against Digital World Acquisition Corporation (DWAC), a special purpose acquisition company (SPAC), for making material misrepresentations in forms filed with the SEC as part of DWAC’s initial public offering and proposed merger with Trump Media & Technology Group Corp. (TMTG). The Commission finds that DWAC misled investors and the SEC by failing to disclose that it had formulated a plan to acquire and was pursuing the acquisition of TMTG prior to DWAC’s IPO.
[...]
https://www.sec.gov/news/press-release/2023-121
SEC Charges Former DWAC Board Member and Others for Insider Trading in DWAC Securities
Defendants made tens of millions of dollars from illegally trading on nonpublic knowledge of DWAC’s plan to acquire Trump Media & Technology Group Corp.
FOR IMMEDIATE RELEASE
2023-121
Washington D.C., June 29, 2023 —
The Securities and Exchange Commission today filed insider trading charges against Bruce Garelick, a former board member of Digital World Acquisition Corporation (DWAC), a special purpose acquisition company (SPAC); Michael Shvartsman and his firm Rocket One Capital LLC; and Gerald Shvartsman for trading in advance of DWAC’s October 2021 announcement that it had reached an agreement to acquire Trump Media & Technology Group Corp. (TMTG).[...]
= new reply since forum marked as read
