7 Details We Learned From the Donald Trump SPAC: PIPE, SEC, User Forecasts and Revenue Projections

President Donald Trump in the East Room of the White House in Washington on June 26, 2018. Samira Bouaou/The Epoch Times

A SPAC announced plans to take Donald Trump’s new social media platform and media platform public. At the time of the announcement, the presentation did not offer up financial or user projections.

New details have emerged Monday with an 8-K filing.

1. PIPE Details

One of the mysteries of the SPAC deal announced between Digital World Acquisition Corp (DWAC) and Trump Media & Technology Group was the investors and details of the PIPE. It was announced over the weekend that $1 billion is being invested in the deal as part of the PIPE. Preferred stock is being offered to PIPE investors at an initial conversion price per share of $33.60.