The company of blank checks, which seeks to make Donald Trump’s media business public, said it agreed to pay $18 million to resolve a regulatory investigation on certain disclosures related to its initial public offering and EE. Uuuuu.
Digital World Acquisition Corporation dijo que habia llegado a un “acuerdo en principio” con la división de cumplimento de la Comisión de Bolsa y Valores de EE. Uuuuu. in a presentation on Monday. The group warned that the agreement is subject to the approval of the SEC and will only be paid if the merger agreement with Trump Media and Technology Group is completed.
According to the agreement, DWAC dijo que entraría en una order de cese y desistimiento “encontrando que la compañía violated certain anti-fraud dispositions” en relación con su oferta pública inicial y la llamada presentation S-4 “contrando que la compañía violated certain anti-fraud dispositions” S con el momento y las discusiones que la compañía tuvo con TMTG en relación con una combinación de negocios proposado.
The SEC was investigating if DWAC violated securities laws by maintaining conversations with TMTG before its quotation. About general, about SPAC como DWAC informen a los inversores si han Tenido conversaciones con un objetivo antes de hacer su debut en el Mercado público.
DWAC became a listed company in September 2021. A few weeks later, it announced its merger with TMTG, which operates Trump’s social networking platform, Truth. Sin Ban, presented by Trump Media Group.
An agreement with the Comisión de Bolsa y Valores could have eliminated a serious obstacle to achieve a DWAC-TMTG agreement, but now there are signs of ruptures between the two parties.
DWAC asked its shareholders to accept another extension of one year from the deadline established in September 2023 to complete the deal, but TMTG told the company that it is only deligado por los fuermite has terminated the deadline established in September 2023 to complete the transaction according to the presentation. .
El Spac also declared that there were “continuous delays in the realization of many deliverables to the company in virtue of the merger agreement required to complete the commercial combination” for part of Trump’s business.
La Comisión de Bolsa y Valores no respondió de immediato a una request de comentarios.
La noticia de un posible acuerdo llega días después de que el fiscal federal en Manhattan accusara a tres hombres involucrados con Spac, incluido un ex miembro de la junta, de tráfico de información privilegiada. The SEC also filed a civil lawsuit against the three employers, since there were communications between them from June 2021 to the time that DWAC referred to it as “[the] Trump E. Plumero.
Additional Information of Stefania Palma and Washington