Company Merging With Truth Social Warns Investors In Filing Of Trump’s Many Other Failed Business Ventures

The Hill reports:

The company merging with Donald Trump’s social media company to take it public in a filing Monday warned about the former president’s previous failed business ventures.

In the registration filed by Digital World Acquisition Corp (DWAC) — a special purpose acquisition company that has raised over $1 billion — and Trump Media & Technology Group (TMTG), the groups also warned that the Securities and Exchange Commission could still halt the merger.

“A number of companies that were associated with President Trump have filed for bankruptcy,” the document warns, listing Trump Shuttle, University, Vodka, Mortgage and Steaks. Among other risk factors included in the filing is that Trump is “involved in numerous lawsuits and other matters that could damage his reputation.”

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Company buying Truth Social warns investors about Trump business failures https://t.co/Wi74Pkkbic pic.twitter.com/SX8KbfBQ5P

— The Hill (@thehill) May 17, 2022