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Do you have a link or is this your opinion?
If only I could be that terrible at business. I would be a billionaire.
Agree, at least they are talking about it. The more positive articles the better.
I didn’t add anything just cut and past. Not my opinion.
Trump's social media venture says it has raised $1 bln
BY Reuters
— 4:16 PM ET 12/04/2021
By Krystal Hu and Juby Babu
Dec 4 (Reuters) - Donald Trump's new social media venture said on Saturday it had entered into agreements to raise about $1 billion from a group of unidentified investors as it prepares to float in the U.S. stock market.
The capital raise, details https://www.reuters.com/markets/us/exclusive-trumps-social-media-venture-seeks-1-billion-raise-sources-2021-12-01 of which were first reported by Reuters on Wednesday, underscored the former U.S. president's ability to attract strong financial backing thanks to his personal and political brand. He is working to launch a social media app called TRUTH Social that is at least several weeks away.
Digital World Acquisition Corp ( DWAC), the blank-check acquisition firm that will take Trump Media & Technology Group Corp public by listing it in New York, said it will provide up to $293 million to the partnership with Trump's media venture, taking the total proceeds to about $1.25 billion.
The $1 billion will be raised through a private investment in public equity (PIPE) transaction from "a diverse group of institutional investors," Trump Media and Digital World said in a statement. They did not respond to requests to name the investors.
Trump Media inked its deal with Digital World to go public in October at a valuation of $875 million, including debt. The social media venture is now valued at almost $4 billion based on the price of Digital World shares at the end of trading on Friday. Trump supporters and day traders snapped up the stock https://www.reuters.com/business/finance/zero-12-bln-investors-chase-trump-stock-hype-2021-10-25.
Many Wall Street firms such as mutual funds and private equity firms snubbed the opportunity to invest in the PIPE. Among those investors who participated were hedge funds, family offices and high net-worth individuals, Reuters reported on Wednesday. Family offices manage the wealth of the very rich and their kin.
Some Wall Street investors are reluctant to associate with Trump. He was banned from top social media platforms after the Jan. 6 attack by his supporters on the U.S. Capitol amid concerns he would inspire further violence. The Capitol attack was based on unsubstantiated claims of widespread fraud in last year's presidential election.
"As our balance sheet expands, Trump Media & Technology Group will be in a stronger position to fight back against the tyranny of Big Tech," Trump said in a statement on Saturday.
The deal also faces regulatory risk. U.S. Senator Elizabeth Warren asked Securities and Exchange Commission Chairman Gary Gensler last month to investigsate https://www.reuters.com/business/elizabeth-warren-urges-sec-investigate-trump-spac-deal-2021-11-18the planned merger for potential violations of securities laws around disclosure. The SEC has declined to comment on whether it plans any action.
Trump Media and Digital World said the per-share conversion price of the convertible preferred stock PIPE transaction represents a 20% discount to Digital World's volume-weighted average closing price for the five trading days to Dec. 1, when Reuters broke news of the capital raise.
If that price averages below $56 in the 10 days after the merger with Digital World has been completed, the discount will grow to 40% with a floor of $10, the companies added. Digital World shares ended trading on Friday $44.97.
Trump had 89 million followers on Twitter, 33 million on Facebook and 24.5 million on Instagram at the time he was blocked, according to a presentation on his company's website.
Investors attending the confidential investor road shows were shown a demo from the planned social media app, which looked like a Twitter feed, Reuters reported.
FIRST-QUARTER ROLLOUT
Since Trump was voted out of office last year, he has repeatedly dropped hints that he might seek the presidency in 2024.
Special purpose acquisition companies such as Digital World had lost much of their luster with retail investors before the Trump media deal came along. Many of these investors were left with big losses after the companies that merged with SPACs failed to deliver on their ambitious financial projections.
TRUTH Social is scheduled for a full rollout in the first quarter of 2022. It is the first of three stages in the Trump Media plan, followed by a subscription video-on-demand service called TMTG+ that will feature entertainment, news and podcasts, according to the news release.
In a slide deck on its website, the company envisions eventually competing against Amazon.com's AWS cloud service and Google Cloud. (Reporting by Juby Babu in Bengaluru and Krystal Hu in New York; Editing by Daniel Wallis and Cynthia Osterman)
Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.
You all missed my point he is still here never left.
Trump isn’t going to run this company. He can’t while he is President.
Do you have any links or facts to back up your claims.
People, remember the 50% rule when trading stock. That is basically where we are.
I’m not going to add you to the love side.
Only invest what you can afford to lose.
Trading on emotion is not very smart.
Sounds like many people here are on this board because of love or hate of Trump.
BBANBOB How could anyone sell escrows?
Big League = bigly
Thanks posting AZ.
Talking stock charts. Does anyone understand the 50% rule?
Take anything the NY TIMES says with a grain of salt, when was the last time they said anything positive about DJT?
-Credit Suisse Raises Mr. Cooper Group's PT to $52 from $46 to Reflect Confidence in Sustainability of 12+% ROTCE; Keeps Outperform Rating
CAUTION EVERYONE this is still a SPAC the marriage has not been consummated yet.
This is no longer a spac.
Trump tightens grip on social media company after SPAC deal success
BY Reuters
— 7:30 PM ET 10/26/2021
By Anirban Sen and Krystal Hu
Oct 26 (Reuters) - Former U.S. President Donald Trump will be able to retain the ownership of his newly launched social media venture even if he chooses to make another White House run or is convicted by prosecutors who are looking into his business dealings.
Trump said last week that TRUTH Social would be created through a new company formed by a merger of the Trump Media and Technology Group (TMTG) and blank-check firm Digital World Acquisition Corp. ( DWAC )
According to regulatory filings issued late on Tuesday, Trump was referred to as the "company principal," even though the exact size of his stake in the company was not disclosed.
However, the former president is set to keep his ownership in TMTG, even if the company faces a "material disruptive event" - the latest filings include a clause that is designed to shield his stake.
"In order to maximize business continuity and to minimize, mitigate, or eliminate any negative impacts on the Company from a Material Disruptive Event, 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," according to the filing.
Since Trump was voted out of office in the last presidential elections in 2020, he has repeatedly dropped hints that he might seek the presidency for a third time in 2024.
Trump and his business interests are also the subject of numerous investigations from U.S. authorities - in June, Trump's namesake company and its chief financial officer were indicted, the first charges to arise from a more than two-year probe by New York prosecutors of Trump and his business dealings, Reuters reported.
In the latest filings, DWAC highlighted the risks of being associated with Trump's company.
"The Purchaser hereby acknowledges the controversial nature of being associated with the Company Principal and the Company Principal's family," it said.
As part of an earnout clause in the deal, TMTG shareholders will receive an additional 40 million shares, based on the share price performance of DWAC, which on Tuesday closed down nearly 30% but are still trading well above the SPAC's IPO price of $10 a share.
Earlier in October, Reuters reported that the merger with TMTG has delivered a potential windfall of $420 million for DWAC's main backer, Patrick Orlando, who has been trying for a decade to reinvent himself as a serial dealmaker. (Reporting by Anirban Sen in Bengaluru; Editing by Stephen Coates)
Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.
Sounds like you have covered all of the bases. Thanks
If you think we will get a bad report you may as well sell now, and buy back after the sell off.
If’s Ands and But’s. Selling 10,000 shares for him is like 100 shares for me.
Let’s go Brandon!!!
Plus 326,500 shares last after hours trade.
Triple witching day, Looks like they took it down below $40 so they didn’t have to pay the contracts. Then bought 3.45 million at the close knowing the price will go up. Many more bought after the bell.
"Ballad Of Paladin"
Have gun will travel
Reads the card of a man
A knight without armor
In a savage land
His fast gun hired
Heeds the calling wind
A soldier of fortune
Is a man called Paladin
Paladin, Paladin
Where do you roam
Paladin, Paladin
Far, far from home
He travels on
To wherever he must
A chess knight of silver
Is his badge of trust
There are campfire legends
That the plainsmen sing of
A man with the gun
Of the man called Paladin
Paladin, Paladin
Where do you roam
Paladin, Paladin
Far, far from home
Far, far from home
Far, far from home...
Good Works Acquisition Corp. and Cipher Mining Announce Closing of Business Combination; Cipher Mining to Trade on Nasdaq Under Ticker Symbols "CIFR" and "CIFRW"
August 27 2021 - 12:05PM
GlobeNewswire Inc.
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Cipher Mining Technologies Inc., a U.S.-based Bitcoin mining company, today announced that it completed its business combination with Good Works Acquisition Corp. (“Good Works”) (NASDAQ: GWAC), a U.S. publicly-traded special purpose acquisition company. Good Works shareholders approved the business combination at a special meeting held on August 25, 2021.
Following the merger, the combined company is named Cipher Mining Inc. (“Cipher Mining”). Beginning on Monday, August 30, 2021, Cipher Mining’s ordinary shares and warrants will trade on Nasdaq under the ticker symbols “CIFR” and “CIFRW”, respectively.
Cipher Mining’s experienced management team will be led by Chief Executive Officer Tyler Page. The Board of Directors of Cipher Mining (the “Board”) is composed of James “Jim” Newsome (Chair), Cary Grossman, Caitlin Long, Wesley “Bo” Williams, Holly Morrow Evans, Robert Dykes and Tyler Page. Cipher Mining believes that the Board's diverse backgrounds and expertise across relevant industries will position it to execute on its strategies.
Private Placement (“PIPE”) and Closing Conditions
The business combination and associated PIPE investment enabled Cipher Mining to raise a total of approximately $391 million (after transaction expenses). After accounting for redemptions by Good Works’ public shareholders and transaction expenses in connection with the consummation of the business combination, the Minimum Cash Condition of $400 million in the agreement and plan of merger was not satisfied and Cipher Mining agreed to waive such condition.
Advisors
J.P. Morgan Securities LLC served as exclusive advisor and lead placement agent to Good Works, and Wells Fargo Securities, LLC served as lead financial advisor to Cipher Mining. Wells Fargo Securities, LLC and J.V.B. Financial Group, LLC also served as co-placement agents on the PIPE.
Schiff Hardin LLP acted as legal counsel to Good Works. Latham & Watkins LLP acted as legal counsel to Cipher Mining. Mayer Brown LLP acted as legal counsel to the placement agents.
About Cipher Mining
Cipher Mining is an industrial-scale Bitcoin mining company dedicated to expanding and strengthening the Bitcoin network's critical infrastructure. Its goal is to be the leading Bitcoin mining company in the United States. Cipher Mining aims to leverage best-in-class technology, market-leading power purchase arrangements, and a seasoned, dedicated senior management team to become the market leader in Bitcoin mining.
About Good Works
Good Works is a blank check company organized for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The Good Works name reflects the fact that its management and directors donated half of their founder shares to charitable organizations in light of the impact that COVID-19 has had on the ability of non-profits to generate contributions and revenues. Good Works’ management team consists of Messrs. Fred Zeidman, CEO and Co-Chairman, Douglas Wurth, Co-Chairman, and Cary Grossman, President. I-B Good Works, LLC, an affiliate of I-Bankers Securities is the sponsor of Good Works.
Forward Looking Statements
This document contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed business combination between Good Works and Cipher Mining, the services offered by Cipher Mining and the markets in which Cipher Mining operates, business strategies, debt levels, industry environment, potential growth opportunities, the effects of regulations and Cipher Mining’s projected future results. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “forecast,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions (including the negative versions of such words or expressions).
These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Cipher Mining and its management, are inherently uncertain. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: volatility in the price of Cipher Mining’s securities due to a variety of factors, including changes in the competitive and regulated industry in which Cipher Mining plans to operate, variations in performance across competitors, changes in laws and regulations affecting Cipher Mining’s business and changes in the combined capital structure, and the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in Good Works final proxy statement/information statement/prospectus contained in the Form S-4 registration statement described below, including those under “Risk Factors” therein, Quarterly Reports on Form 10-Q and other documents filed by Good Works from time to time with the U.S. Securities and Exchange Commission (the “SEC”). These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Good Works and Cipher Mining assume no obligation and, except as required by law, do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Good Works nor Cipher Mining gives any assurance that either Good Works or Cipher Mining will achieve its expectations.
Contacts:
Investor Contact:
Mark Roberts
Blueshirt Capital Advisors
investors@ciphermining.com
Media Contact:
Ryan Dicovitsky / Kendal Till
Dukas Linden Public Relations
908-907-7703
Form 425 GOOD WORKS ACQUISITION Filed by: GOOD WORKS ACQUISITION CORP.
BY 10K Wizard
— 2:59 PM ET 08/25/2021
http://archive.fast-edgar.com/20210825/AC22R62CLZ22WZ8B229W2ZY2UMBS2222Z232
Filed on: August 25, 2021
First look Jamie isn’t going to use a gmail email.JMO
Have I ever told you how I love my COOP shares?
How can anyone throw in the towel when you can’t sell or buy escrows?
IMO they had a plan to get out at a certain point or certain price and the executed it. Nothing more than that.
Does anyone think they are waiting for the “inflation stock market crash” to give us our money?
Have I told you how much I love my COOP shares?
Yes. AZ I want to be LOL all the way to the bank!
WHY ARE PEOPLE ON THIS BOARD BUSTING RD’s BALLS?
Very few on this board add verified information. Most give there opinions and WAGS. So stop with this BS. Remember people in glass houses.
Form S-4/A GOOD WORKS ACQUISITION