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PhenixBleu

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PhenixBleu

Re: None

Monday, 05/16/2022 7:43:51 AM

Monday, May 16, 2022 7:43:51 AM

Post# of 44455

The transaction is expected to provide TMTG approximately $1.25 billion of net proceeds at close, assuming no redemptions by DWAC stockholders. These proceeds will be used, among other things, to fund the development and growth of TMTG’s products—including the TruthSocial app.


https://www.globenewswire.com/en/news-release/2022/05/16/2443738/0/en/Digital-World-Acquisition-Corp-and-Trump-Media-Technology-Group-Announce-Filling-of-a-Registration-Statement-in-Connection-with-their-Proposed-Business-Combination.html
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