YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Digital World Acquisition Corp., the special purpose acquisition company seeking to take Donald Trump's social media platform public, has settled fraud charges with the Securities and Exchange Commission.
DWAC was ordered to pay an $18 million civil penalty fee if it proceeds with the merger.
SPACs are not allowed to solicit specific merger targets before they file an initial public offering. SEC officials allege that DWAC violated that provision.
Read more from CNBC.
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