reported. TMTG’s announcement came hours after the company disclosed that the Securities and Exchange Commission had launched an inquiry into the special purpose acquisition company — or SPAC — that plans to merge with Trump’s company to take it public.On Saturday, the company announced it had raised $1 billion in funding from an undisclosed group of investors to launch a multifaceted media company including a social media network called Truth.
Shares of Digital World Acquisition Corp. (DWAC) were up nearly 7% in after-hours trading following the news about Nunes’ appointment.
Read more on thewrap.com
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