is asking questions about the Trump Media merger. In a September filing, Digital World stated that the company and its executives had not engaged in any “substantive discussions, directly or indirectly,” with a target company. SPACs are allowed to sell their shares to the public with limited disclosures, as long as they don’t have any acquisitions already in the works. The chief legal officer for Trump Media said that the call was “strictly discussions between” the company and Benessere, another SPAC that Orlando ran. Patrick Orlando, the Digital World chief, was also running other SPACs at the time, and it’s unclear which he was representing on the videoconference, which The Times was first to report. met with Trump’s representatives to talk about a deal in April, five months before the SPAC sold shares to investors. The Times’s Matthew Goldstein, David Enrich and Michael Schwirtz have uncovered other details about Trump Media’s SPAC deal, which could explain the scrutiny that it faces.ĭigital World’s C.E.O. The disclosure came as the SPAC filed to raise as much as $1 billion in a deal that would be completed shortly after it combined with Trump Media & Technology Group. Digital World, the special purpose acquisition company that struck a deal to merge with former President Donald Trump’s media venture, revealed yesterday that it was under investigation by the S.E.C.

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