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The Independent UK
The Independent UK
National
Oliver O'Connell

Truth Social’s merger partner reaches $18m settlement with SEC

Truth Social SEC DWAC Donald Trump Bruce Garelick Michael Shvartsman Digital World Acquisition Corp Trump Media
Truth Social

A financial firm linked to Donald Trump’s Truth Social platform has reached an $18m settlement with the Securities and Exchange Commission (SEC) in order to bring an end to the investigation into its merger with the company.

Digital World Acquisition Corp (DWAC) announced the tentative settlement on Monday, saying that the payment would “remove the cloud of uncertainty lingering over DWAC and would allow DWAC to move forward in achieving its objective of delivering a strategic merger”.

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