Trump-Linked Firm Changes Its Address To UPS Store

CNBC reports:

Digital World Acquisition Corp, the blank-check company looking to take Trump Media and Technology Group public, has changed its listed address to a UPS Store in Miami. The change from a Miami office building to a UPS address came with DWAC’s regulatory filing on Friday disclosing that some investors pulled out tens of millions of dollars.

The company said it had lost $138.5 million of the $1 billion in financing from private investors in public equity, also known as PIPE, to fund Trump Media after the merger. The contractual obligation for those investors to contribute to former President Donald Trump’s media company after the deal had expired last Tuesday, allowing them to pull their funding.

Read the full article.

Trump-linked SPAC changes address to UPS store as investments pulled https://t.co/CYgNXQqlcD

— CNBC (@CNBC) September 26, 2022