Word of the Trump Media Deal is said to have been leaked months in advance
Months before former President Donald J. Trump’s social media company unveiled a deal to raise hundreds of millions of dollars last fall, word about the deal leaked to a shadowy Miami investment firm, whose executives began plotting ways to make money from the impending deal, according to a report. The British newspaper The Guardian. For people familiar with the discussions. The deal — under which the so-called Special Purpose Acquisition Corporation, or SPAC, will merge with Mr Trump’s fledgling media business — announced in October. It sent SPAC shares higher. Employees at Miami-based investment firm Rocket One Capital learned about the pending deal over the summer, long before it was announced, according to three people familiar with the company’s internal discussions. Two people said that Rocket One officials at the time talked about ways to profit from the soon-to-be-announced deal with Trump Media Technology Group by investing in SPAC, the Digital World Acquisition Corporation.
Word of the Trump Media Deal is said to have been leaked months in advance
Months before former President Donald J. Trump’s social media company unveiled a deal to raise hundreds of millions of dollars last fall, word about the deal leaked to a shadowy Miami investment firm, whose executives began plotting ways to make money from the impending deal, according to a report. The British newspaper The Guardian. For people familiar with the discussions. The deal — under which the so-called Special Purpose Acquisition Corporation, or SPAC, will merge with Mr Trump’s fledgling media business — announced in October. It sent SPAC shares higher. Employees at Miami-based investment firm Rocket One Capital learned about the pending deal over the summer, long before it was announced, according to three people familiar with the company’s internal discussions. Two people said that Rocket One officials at the time talked about ways to profit from the soon-to-be-announced deal with Trump Media Technology Group by investing in SPAC, the Digital World Acquisition Corporation.