Yes, this one appears to be for Trump Media Group (Truth Social) first, but it is possible that it is not the only target. SPACs allow one to get all the public stock filings, disclosures, etc. all done as a "blank check" so the operations of any potential candidate can be separated from the management of the listing and the SEC interface hassle. It appears that the whole "Digital World" is fair game after the Truth Social merger is completed.
Trump Media Group appears to be planning additional ventures, and they could do small acquisitions to kick start those ops that would be all held within the holding company.
A publicly traded holding company to raise capital via the stock market to then acquire other public companies or private companies to do an industry consolidation/rollup/reorganization is what the Deep State and globalists have been doing for decades. They (SEC) apparently are wary of it being deployed against their own assets.
Yes, this one appears to be for Trump Media Group (Truth Social) first, but it is possible that it is not the only target. SPACs allow one to get all the public stock filings, disclosures, etc. all done as a "blank check" so the operations of any potential candidate can be separated from the management of the listing and the SEC interface hassle. It appears that the whole "Digital World" is fair game after the Truth Social merger is completed.
Trump Media Group appears to be planning additional ventures, and they could do small acquisitions to kick start those ops that would be all held within the holding company.
A publicly traded holding company to raise capital via the stock market to then acquire other public companies or private companies to do an industry consolidation/rollup/reorganization is what the Deep State and globalists have been doing for decades. They (SEC) apparently are wary of it being deployed against their own assets.