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Benzinga
Benzinga
Business
Chris Katje

Trump SPAC Deal Will Never Get Approved By SEC, Short Seller Says: What Investors Should Know

A noted short seller has taken a short position in one of the most notable SPAC deals that involves a former U.S. president.

What Happened: Kerrisdale Capital issued a short report on Digital World Acquisition Corp (NASDAQ:DWAC) Wednesday. Digital World Acquisition Corp announced a SPAC merger with Trump Media & Technology Group, a company created by Donald Trump, in the fall of 2021.

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