Big Law
A Report Says That Trump’s SPAC Merger Could Have Broken Laws
Former President Donald Trump and the founder of the SPAC that is merging with his new media company may have discussed the deal in March 2021, The New York Times reported.
Such a discussion could potentially have broken laws governing when SPACs can enter conversations with potential partners, the publication added.
On October 21, Trump announced plans for Trump Media and Technology Group, a company with a yet-to-launch social-media site. He said it would go public via a merger with Digital World Acquisition Corp., a special purpose acquisition company, or SPAC.
