Category: SPAC

Trump-linked SPAC slides 21% as some candidates endorsed by the former president flounder in midterm elections

Pennsylvania Republican Senate nominee Mehmet Oz speaks throughout a rally with former President Donald Trump. Demetrius Freeman/The Washington Post through Getty Images Digital World, the SPAC linked to Donald Trump, fell Wednesday in the wake of the 2022 mid-term elections.  Quite a lot of Republican candidates backed by Trump misplaced their bids or had been trailing in their races in opposition to Democrats.  Control of…

Rep. Marjorie Taylor Greene suffers large financial loss one year after buying stock in a company that’s trying to merge...

Republican Rep. Marjorie Taylor Greene of Georgia at committee hearing June 24, 2022, at the US Capitol. AP Photo/J. Scott Applewhite One year ago, Rep. Marjorie Taylor Greene invested between $15,001 and $50,000 in a SPAC that wants to merge with Trump’s “Truth Social” platform. One year later, the value of the stock dropped more than 80%, meaning Greene lost big money. Greene’s not the…