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Trump Social-Media SPAC Deal Being Investigated By SEC

Regulators are investigating a deal between Donald Trump’s new social-media enterprise and a special-purpose acquisition firm that will take the previous president’s firm public, in response to a Monday securities submitting.

The Securities and Trade Fee is probing a possible merger between Trump Media & Expertise Group and the SPAC Digital World Acquisition Corp . , Digital World disclosed Monday. The SPAC is understood by its inventory ticker, DWAC.

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