Is it… is it possible Donald Trump may not actually get away with something??
06.09.2022 - 21:01 / deadline.com
The special purpose acquisition vehicle backing the parent company of Donald Trump’s social media platform may need to call it quits after it has yet to garner enough shareholder support for an extension that would give the deal more time to close.
Shares of Digital World Acquisition Corp., traded on the Nasdaq, are down 17%.
Reuters reported that at a special shareholder meeting on Tuesday, CEO Patrick Orlando pushed back a deadline until noon on Thursday for a vote on extending the term of the SPAC, something that will give another year to complete the deal to merge with Trump Media and Technology Group. If 65% of shareholders don’t approve the one-year delay Orlando is requesting, the SPAC may be forced to liquidate, delivering a setback to the financial plans for Trump’s company.
SPACs are also called “black check” companies that go public, raise cash and search for something to buy, taking the target public in the process without the need for a formal IPO. They must compete a transaction within a given timeframe.
But the TMTG deal, announced last year, has been slowed by a federal probe and amid reported financial difficulties. The Truth Social app was recently barred from the Google Play store for violating content moderation policies. It’s still available on the Apple App Store and online. Trump is the middle of a high-profile legal battle with the DOJ over classified government papers he moved with him to Mar-a-Lago.
Orlando owns 20% of the SPAC shares but there are a few other institutions as well as a large cadre of retail investors. He’s has been pleading with them all for a yes vote on extra time. “We’ve had some delays. This is a deal with a lot of attention on it. It’s slower than expected but we’re fighting
Is it… is it possible Donald Trump may not actually get away with something??
Donald Trump may have his accounts reinstated on Facebook next year following a review of the company’s decision to suspend him, a top executive for parent Meta Platforms said on Thursday.
Clay Travis & Buck Sexton to talk about his time at the White House, including the time Trump was apparently on the brink of doing the honors.“We were gonna have President Trump throw out the first pitch” [of the season], Morgenstern said. “But before they could announce it, Fauci, who’s friends with the Washington Nationals owners, got himself invited.”The National Institute of Allergy and Infectious Diseases Director didn’t fare so well – his pitch was really more of a shot-put … heave? … that was several feet high, outside (to a right-handed batter) and far short of the plate.
Donald Trump is facing another huge legal problem — and this one comes with a massive bill. The former President, three of his adult children, and his company, the Trump Organization, are being sued by the state of New York.
New York Attorney General Letitia James filed a fraud lawsuit against former President Donald Trump, two of his children and his businesses, claiming that he falsely inflated the value of his net worth to secure more favorable loan and insurance terms.
Jon Voight broke down in tears in front of Donald Trump as he recalled him offering to pay for the cancer treatment of a golf worker. The 83-year-old actor was interviewing the former President of the United States and reminded him of the time he offered to step in to help an employee called Sally at one of his golf courses when she fell ill. Speaking on the 'Newsmax' documentary, Jon told Donald: "You went in and said yeah, 'She's - have her come see me,' and you went to one of the offices, and she came in, and you said, 'I hear you having a little bit of a difficulty.
If you think a little thing like an indictment under, say, the Espionage Act, is going to slow down the Trump Train, you have another thing coming. And that thing is probably NOT democracy…
Perhaps the most controversial part of the Emmys, on a night when political speechifying was fleeting, came at the very end, when Succession‘s Jesse Armstrong attempted to make a quip or light snipe about the British monarchy, now dominating the television landscape following the death of Queen Elizabeth.
Whoopi Goldberg had had enough of newcomer Alyssa Farah Griffin on Thursday’s “The View”.
As with everything related to this man for the past seven years or so, it just keeps getting worse in every way imaginable.
As President Joe Biden, the January 6th Committee and a number of longtime conservatives sound the alarm over the threat to American democracy, the latest Frontline, debuting on Tuesday on PBS, examines the warning signs.
The Justice Department is revealing more details about what was discovered at Donald Trump‘s Mar-a-Lago Club.
UPDATE, Friday AM: A more detailed inventory of what items the FBI retrieved in the search of Donald Trump’s Mar-a-Lago estate was unsealed on Friday.
Joe Biden’s speech in Philadelphia on Thursday evening was a full-blown attack on Donald Trump and MAGA Republicans that “represent an extremism that threatens the very foundations of our Republic.”
You have to be kidding at this point. He really is just admitting to the crimes he’s accused of on the internet, and he’s still going to get away with it??
The Justice Department said that documents were “likely concealed and removed” from a Mar-a-Lago storage room in an alleged effort to obstruct an investigation into former President Donald Trump’s cache of classified material at his property.