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Technology Stocks : Blank Check IPOs (SPACS) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (3665)	12/5/2021 11:31:47 AM
From: Glenn Petersen	Read Replies (2) \| Respond to of 3862

Trump social media group raises $1 billion from undisclosed investors Dan Primack, author of Pro Rata Axios December 5, 2021 Donald Trump's social media startup on Saturday announced that it secured $1 billion in new investment as part of its ongoing efforts to become publicly traded via a blank check company. Between the lines: None of the investors were identified, which is highly unusual for this sort of transaction. Details: This is a so-called PIPE investment at around $34.36 per share. -- That's a 20% discount to the SPAC's 5-day trading average through Dec. 1, but still much higher than where a typical SPAC trades before its merger is complete. -- The PIPE's per share price could be adjusted up or down, based on how the stock performs once the merger closes. What to watch: Trump Media & Technology Group still has not named a CEO, although the former President is listed as chairman, and does not plan to publicly launch any products until early next year. Go deeper: Trump deal could spark SPAC crackdown Trump social media group raises $1 billion from undisclosed investors - Axios