From ThePostMillennial.com…
Trump Media & Technology Group Corp. (TMTG), former President Donald Trump’s social media group, and Digital World Acquisition Corp. (DWAC) announced Saturday they’ve received a commitment of $1 billion “PIPE” investment in committed capital from an unidentified “diverse group of institutional investors” to fund the digital media venture.
BREAKING: Trump Media & Technology Group Corp. and Digital World Acquisition Corp. Announce $1 Billion “PIPE” Investment in Committed Capital to Fund Business. pic.twitter.com/8QC10qH7OQ
— Benny (@bennyjohnson) December 4, 2021
The transaction will provide estimated proceeds of approximately $1.25 billion, after deducting estimated deal expenses, to be used to fund operations.
