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Hypothesis: Truth Social is satire.
Little has been disclosed about the involvement of the financier,Abraham Cinta, and the Shanghai-based investment bank he leads, ARC Group Ltd, in theshell company’s regulatory filings.
ARC is listed as“financial advisor” to Digital World Acquisition Corp, the special purpose acquisition company (SPAC) that signed a deal in October to merge with Trump’s new media platform. No details are provided in the filings other than that ARC could help the SPAC with contacts in government and the business world, as well as access to a “quality deal pipeline.”
Now, new information - text messages, a financial document outlining proposed terms of the shell company, an agreement between ARC and one of Digital World’s creators, and interviews with five sources familiar with the situation - shows that Cinta and ARC did not just advise Digital World. They also offered money to create Digital World and recruited an executive to help put the company together.
ARC offered to provide at least $2 million to three businessmen to form Digital World, the SPAC that went on to merge with Trump Media and Technology Group, and Cinta had a say in how the SPAC’s management team would be compensated, according to the financial document and text messages between Cinta and others involved.”
https://www.reuters.com/article/usa-trump-socialmedia-arc-idCAKBN2KF17W