Trump social media group raises $1 billion from undisclosed investors

[libertybele]

Trump social media group raises $1 billion from undisclosed investors

Donald Trump's social media startup on Saturday announced that it secured $1 billion in new investment as part of its ongoing efforts to become publicly traded via a blank check company.

Between the lines: None of the investors were identified, which is highly unusual for this sort of transaction.

Details: This is a so-called PIPE investment at around $34.36 per share.

    That's a 20% discount to the SPAC's 5-day trading average through Dec. 1, but still much higher than where a typical SPAC trades before its merger is complete.
    The PIPE's per share price could be adjusted up or down, based on how the stock performs once the merger closes.........

https://www.axios.com/trump-social-media-group-raises-1-billion-undisclosed-investors-798f947c-cdd6-416e-bb10-bf537087a4c9.html

[LegalAmerican]

I see no problem.  Same thing many dems do.  Clinton Foundation.  Even Ted Cruz, did not disclose his money from where Heidi worked.  Senior moment...tip of the tongue...can't say the place.  Help?

[jmyrlefuller]

Between the lines: None of the investors were identified, which is highly unusual for this sort of transaction.

And after this past year, why would any investors want to expose themselves?

[LegalAmerican]

And after this past year, why would any investors want to expose themselves?

 

[rustynail]

'Pennies' from Putin?

[LegalAmerican]

'Pennies' from Putin?

Now...that...was ignorant.