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Benzinga
Benzinga
Business
Chris Katje

Trump's Deadbeat SPAC Switches Address To A P.O. Box - From A WeWork Office Space In Miami

SPAC Donald Trump WeWork Miami Digital World Acquisition UPS Digital World Truth Social DWAC RightForge

A SPAC set to take Donald Trump’s media company public has been linked to troubles with finances and difficulties finalizing its merger. A filing reveals the company changed its mailing address and it could provide a hint of financial troubles.

What Happened: Digital World Acquisition Corporation (NASDAQ:DWAC) announced a SPAC merger to take Trump Media & Technology Group public in late 2021. The deal would bring the media company backed by former President Donald Trump public. Trump Media & Technology is the parent company of Truth Social, a free speech social media platform taking on the likes of Twitter and Facebook, two platforms that Trump has been banned from.

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