Regarding DWAC from Benzinga:
The SPAC merger filing said that a “material disruptive event” will not change the company’s ownership.
“The company principal’s ownership and position in the company shall be structured in such a way as to eliminate the need for restructuring of ownership or changes in position were a material disruptive event to occur,” the filing reads.
A material disruptive event is listed to include “the company principal announces that he is running for a public office” or “the company principal is personally convicted of a felony criminal offense.”
The wording is significant as it says that Trump will still lead the company if he runs for president in 2024 or is convicted of a felony.
Liberal tears are the best lube!