butters
High on a Hill
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In a regulatory filing Monday, Digital World Acquisition Corp highlighted the bankruptcies of Trump Taj Mahal, Trump Plaza, and Trump Castle, and the failures of Trump University, Trump Vodka, and Trump Steaks, among others.
Digital World, a SPAC or "blank-check" firm, is seeking to merge with Trump Media and Technology Group (TMTG), the owner of Truth Social. Trump himself would control between 47% and 58% of the merged company and would serve as its chairman, Monday's filing shows.
Digital World said in its filing: "A number of companies that were associated with President Trump have filed for bankruptcy. There can be no assurances that TMTG will not also become bankrupt.
https://www.businessinsider.com/don...ptcy-warning-spac-filing-digital-world-2022-5It continued: "A number of companies that had license agreements with President Trump have failed. There can be no assurances that TMTG will not also fail."
It added: "While all of the foregoing were in different businesses than TMTG, there can be no guarantee that TMTG's performance will exceed the performance of those entities."