Today news
About the same in other media
Backers of Trump’s Digital World Spac set for a windfall
Reading now: 866
fnlondon.comThe obscure financiers who launched the shell company that is taking former President Donald Trump's social-media venture public are poised for a big payday if the deal gets completed.
The total windfall would stand at about $400m at the stock's current price, after shares skyrocketed sixfold following the deal's announcement. The pay framework isn't Trump-specific — it comes from the distinctive structure of special-purpose acquisition companies, or Spacs, such as Digital World Acquisition Corp.
The...
Read more on fnlondon.comAbout this in other media
Bezos-backed Rivian valued at $100bn in one of world’s biggest IPOs theguardian.com /2 years ago
DOGE-1 moon mission set for launch with SpaceX in early 2022 cointelegraph.com /2 years ago
ESG oriented blockchain wants on-chain ‘nutrition labels’ for every commodity exchanged cointelegraph.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
