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SPAC Merging With Trump Media Gets SEC Information Request

  • Digital World slumps in trading after disclosing probes
  • The firms revealed on Saturday they have $1 billion in funding
Donald Trump
Donald TrumpPhotographer: Chris Kleponis/Polaris/Bloomberg
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Digital World Acquisition Corp., the blank-check company merging with former President Donald Trump’s nascent media firm, disclosed that it has received information requests from U.S. regulators.

The Securities and Exchange Commission in early November sought records tied to meetings involving Digital World’s board of directors, its policies and procedures related to trading and the identities of certain investors, the company said in a Monday regulatory filing.