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Truth Social SPAC could pay Trump’s astronomical legal bills – if board OKs it
Donald Trump's beleaguered SPAC deal is finally going through, and just in time to pay nearly half a billion dollars owed over several legal actions — if
Donald Trump’s beleaguered SPAC deal is finally going through, and just in time to pay nearly half a billion dollars owed over several legal actions — if the board agrees to let him sell. Various troubles caused the DWAC-TMTG merger to be kicked down the road over and over until now, and it was beginning to look like the shareholders would eventually walk away when the timing exceeded the bounds stipulated in the SPAC terms. They’ll be sailing between Scylla and Charybdis: on one hand, a day-zero sell-off by Trump could drive the price down and trigger even more as people dispose of their shares before they drop below their purchase value.
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