I was wondering how he got hedge funds to invest, any lawfags here that understand this?

Trump tightens grip on social media company after SPAC deal successBY Reuters— 7:30 PM ET 10/26/2021

By Anirban Sen and Krystal Hu

Oct 26 (Reuters) - Former U.S. President Donald Trump will be able to retain the ownership of his newly launched social media venture even if he chooses to make another White House run or is convicted by prosecutors who are looking into his business dealings.

Trump said last week that TRUTH Social would be created through a new company formed by a merger of the Trump Media and Technology Group (TMTG) and blank-check firm Digital World Acquisition Corp. ( DWAC)

According to regulatory filings issued late on Tuesday, Trump was referred to as the "company principal," even though the exact size of his stake in the company was not disclosed.

However, the former president is set to keep his ownership in TMTG, even if the company faces a "material disruptive event" - the latest filings include a clause that is designed to shield his stake.

"In order to maximize business continuity and to minimize, mitigate, or eliminate any negative impacts on the Company from a Material Disruptive Event, the Company Principal's ownership and position in the Company shall be structured in such a way asto eliminate the need for restructuring of ownership or changes in position were a Material Disruptive Event to occur," according to the filing.

Since Trump was voted out of office in the last presidential elections in 2020, he has repeatedly dropped hints that he might seek the presidency for a third time in 2024.

Trump and his business interests are also the subject of numerous investigations from U.S. authorities - in June, Trump's namesake company and its chief financial officer were indicted, the first charges to arise from a more than two-year probe by New York prosecutors of Trump and his business dealings, Reuters reported.

In the latest filings, DWAC highlighted the risks of being associated with Trump's company.

"The Purchaser hereby acknowledges the controversial nature of being associated with the Company Principal and the Company Principal's family," it said.

As part of an earnout clause in the deal, TMTG shareholders will receive an additional 40 million shares, based on the share price performance of DWAC, which on Tuesday closed down nearly 30% but are still trading well above the SPAC's IPO price of $10 a share.

Earlier in October, Reuters reported that the merger with TMTG has delivered a potential windfall of $420 million for DWAC's main backer, Patrick Orlando, who has been trying for a decade to reinvent himself as a serial dealmaker.

https://eresearch.fidelity.com/eresearch/evaluate/news/basicNewsStory.jhtml?symbols=DWAC&pageno=&storyid=202110261930RTRSNEWSCOMBINED_L4N2RM570_1&provider=RTRSNEWS&product=COMBINED&sb=1&sc=1&san=1

>>14868010

BRIEF-Digital World Acquisition Corp says Minimum Cash Condition On DWAC-Trump Deal Set At $60 Million, Including Cash In Trust And Pipe

BY Reuters

— 6:33 PM ET 10/26/2021

Oct 26 (Reuters) - Digital World Acquisition Corp (DWAC):

• DIGITAL WORLD ACQUISITION CORP ( DWAC) - MINIMUM CASH CONDITION ON DWAC-TRUMP DEAL SET AT $60 MILLION, INCLUDING CASH IN TRUST AND PIPE

• DIGITAL WORLD ACQUISITION ( DWAC) - TMTG STOCKHOLDERS TO ALSO HAVE CONTINGENT RIGHT TO GET UP TO ADDITIONAL 40 MILLION SHARES OF DWAC STOCK

• DIGITAL WORLD ACQUISITION ( DWAC) - CONTINGENT RIGHT TO GET UP TO ADDITIONAL 40 MILLION SHARES BASED ON PRICE PERFORMANCE OF DWAC STOCK IN 3 YEAR PERIOD AFTER CLOSING

• DIGITAL WORLD - CO PRINCIPAL'S OWNERSHIP, POSITION IN CO SHALL BE STRUCTURED TO REDUCE NEED FOR OWNERSHIP RESTRUCTURING WERE A MATERIAL DISRUPTIVE EVENT TO OCCUR

https://eresearch.fidelity.com/eresearch/evaluate/news/basicNewsStory.jhtml?symbols=DWAC&pageno=&storyid=202110261833RTRSNEWSCOMBINED_FWN2RM1OP_1&provider=RTRSNEWS&product=COMBINED&sb=1&sc=1&san=1

>>14867907

I find it strange that the FBI will not brief the Republicans, it seems like that the agency is doing everything opposite to their Charter, like they were told to mess things up so bad under Bidan that it looks like the whole government is corrupt (which it is). I'm sure this is a pipe dream, but they are not liked by the public at all at this point.

The FBI cannot possibly think they will be protected by democrats, not that they need protection in this insane environment.>>14868127

>>14868127

That's funny, she must not like her cackling, or conniving to kill Bidan, or whatever she does, because she's not doing VP duties. Or maybe Jill got insulted when K said to her: "Why are you wearing that ugly drapes dress with lemons again?" That would be funny

Having K as a VP is inviting a sniper into your home.

>>14868170

a terrible idea dude

>>14868162

Kek, that'll definitely happen!

>>14868075 It doesn't look like a penis, so it must be something important, see if they are saying "Let's Go Brandon" on their radios.

>>14868075

>>14868009

Oh shit, she's going to go the way of the lady that had O's birth certificate in HI

>>14868328

It's going to be reversed so fast it'll make the world leaders head spin. Plus Trump will never go back to the DC WH, he'll have his own, right now the Mar A Largo is it, but it will be more central.

All the politicians that are evil and corrupt will be held in jail in the DC tunnels, any good ones will help create the new government of the Republic. All will be made new again.

>>14868283

So that means we'll have even more dramatic drug shipped into the US, since Soros goal is to kill all Americans. It's just unbelievable that there is not one person he appoints that doesn't have massive conflicts of interest, or that could be considered someone who would care for Americans.