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Author Topic: Trump social media group raises $1 billion from undisclosed investors  (Read 275 times)

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Offline libertybele

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Trump social media group raises $1 billion from undisclosed investors
« on: December 04, 2021, 07:20:03 pm »
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
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Offline LegalAmerican

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Re: Trump social media group raises $1 billion from undisclosed investors
« Reply #1 on: December 04, 2021, 09:04:44 pm »
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?
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Offline jmyrlefuller

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Re: Trump social media group raises $1 billion from undisclosed investors
« Reply #2 on: December 04, 2021, 09:40:37 pm »
Quote
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?
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Offline LegalAmerican

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Re: Trump social media group raises $1 billion from undisclosed investors
« Reply #3 on: December 04, 2021, 09:42:08 pm »
Quote from: jmyrlefuller on December 04, 2021, 09:40:37 pm
And after this past year, why would any investors want to expose themselves?



 :bingo:
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Offline rustynail

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Re: Trump social media group raises $1 billion from undisclosed investors
« Reply #4 on: December 04, 2021, 10:27:34 pm »
'Pennies' from Putin?
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Offline LegalAmerican

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Re: Trump social media group raises $1 billion from undisclosed investors
« Reply #5 on: December 04, 2021, 10:29:16 pm »
Quote from: rustynail on December 04, 2021, 10:27:34 pm
'Pennies' from Putin?

Now...that...was ignorant.
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