Tornado Alley (PROG)

[PegnVA]

Trump's latest venture....

Digital World Acquisition Corp. is headed up by one Patrick Francis Orlando, who also heads up a company called China Yunhong Holdings, Ltd., also known as Yunhong International. While legally incorporated in the Cayman Islands (where else?), itself set up as a SPAC, the company’s headquarters are listed as being in– wait for it- Wuhan, China. Ironic that Donald Trump would have such an overt connection to a place that originated the virus that effectively brought down his presidency– especially given the man’s insistence on calling it the “China virus.” And then saying that, “no, it’s not racist at all.”
https://handbuiltcity.org/2021/10/21/truth-social-trumps-new-platform-is-owned-by-the-chinese/

More...
Mr. Trump’s new company, Trump Media and Technology Group — incorporated in Delaware in February with little fanfare, and with no revenue or tested business plan — reached a deal to merge with Digital World on Wednesday.

Digital World, which was set up shortly after Mr. Trump lost the 2020 election, last month raised nearly $300 million, largely from big investors. Assuming the merger is consummated, that money will soon be bankrolling the Trump media venture, which plans early next year to offer a Twitter-like social media app.

Digital World’s founder and chief executive is Patrick Orlando, who previously worked for Deutsche Bank and other Wall Street firms. More recently, Mr. Orlando, who is based in Miami and knew Mr. Trump before the deal, according to one of Mr. Orlando’s colleagues, has launched three other blank-check companies. While they have raised money from investors, not one has completed a deal. A plan to merge one of the SPACs, Yunhong International, with Giga Energy recently fell apart.
https://www.nytimes.com/2021/10/21/business/media/trump-spac-social-media-venture.html