Digital World Acquisition Corp (DWAC) Reaches Settlement with SEC
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Digital World Reaches Settlement with SEC, Paving Way for Form S-4 Registration Statement Review
July 21, 2023 1:32 AM EDTMIAMI, FL / ACCESSWIRE / July 21, 2023 / Digital World Acquisition Corp. (Nasdaq: DWAC) ("DWAC" or the "Company") announced today that on July 20, 2023 it settled with the SEC fraud charges against the Company for making material misrepresentations in forms filed with the SEC as part of DWAC's initial public offering and proposed merger with Trump Media & Technology Group Corp. (TMTG). DWAC agreed to a cease-and-desist order and to pay an $18 million penalty in the event it closes a merger transaction. It also agreed to undertake that, should DWAC file an amended Form S-4, any... More
