News Snapshot:
Former US president Donald Trump’s new social media venture disclosed in a regulatory filing on Monday it may raise up to US$50 million through convertible notes before it merges with a blank-check acquisition firm. Truth Media & Technology Group (TMTG) is set to receive US$1.25 billion in funding once it merges with Digital World Acquisition Corp. But the deal, which was inked in October, has been under investigation by the US Securities and Exchange Commission (SEC). The funds are inaccessible to Trump’s company until the SEC gives the green light and the transaction closes. TMTG, which according to the filing...
